Category: Uncategorized
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U.S. Treasury yields edged lower initially on Stephen Miran’s dovish remarks that calm bond markets support further cuts, but quickly reversed as attention shifted to persistent inflation risk and supply pressures; 10Y eased to ~4.13% (from ~4.15%) but then retraced upward along with 2Y as investors reconsidered the pace of easing, and 30Y also drove…
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UST yields saw mixed moves as the 10Y yield eased slightly to ~4.10% (–5bp from prior session) amid softer job data and lingering shutdown risk, while 2Y held near ~3.55%, keeping the curve modestly steeper. Heavy Treasury and corporate issuance exerted headwinds, especially at the long end, preventing more aggressive declines. The market’s “bad news…
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UST yields plunged after the ADP report shocked markets with a 32,000 drop in private payrolls and a downward revision of August, reinforcing views that the labor market is losing steam and adding urgency to Fed easing expectations. 10Y yields sank below 4.10% (approaching ~4.088%) as buyers rushed into duration, while 2Y yields also fell…
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UST yields resumed their slide as weak ADP data showing a 32,000 drop in private payrolls combined with fears from a U.S. government shutdown drove safe-haven demand; 10Y dropped from ~4.15% to ~4.10% (intra-day low ~4.088%) while 2Y fell toward ~3.56%, steepening the curve. The shutdown delayed key economic releases, reducing data flow and reinforcing…
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UST yields rebounded as heavy Treasury and corporate supply intersected with mixed Fed signals, driving 10Y to ~4.15% from ~4.05% while 2Y hovered near ~3.60%, modestly steepening the curve. Investors pointed to renewed inflation concerns and higher term premium as reasons for weakness in the long end, despite expectations for gradual rate cuts ahead. The…
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UST yields retraced earlier declines and ticked higher as the market grappled with heavy bond supply, political risk around a looming shutdown, and mixed interpretations of Fed communication. The 10Y yield rose ~4.145% (−4.3 bp intraday decline reported later) as investors digested both hawkish cues and lingering expectations for future cuts. The supply effect was…
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Stronger U.S. macro prints and reduced Fed easing expectations drove UST yields higher across the curve, with UST 10Y climbing toward ~4.17% as markets scaled back rate-cut bets following upside GDP revisions and solid capital goods orders; the 2Y followed suit amid hawkish repricing. This move confirmed that while policy easing remains on the table,…
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UST yields reversed earlier declines after Powell’s cautious commentary renewed hawkish fears; 10Y climbed toward ~4.14% (+~5bp) while 2Y also advanced, compressing room for further cuts and flattening parts of the curve. The increase followed mixed global sentiment—stocks retreated and the dollar strengthened—amid reassessments of policy clarity and inflation risks. Treasury demand appeared second-tier given…
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Following mixed signals from Fed officials about future easing, UST yields trended higher during this period as concerns over inflation lingered despite recent rate cuts; UST10Y climbed toward ~4.14% and UST2Y also rose, while long tenors like 30Y pushed toward ~4.75%, reflecting sell-off pressure and fading dovish relief. Fed’s Bostic and Musalem questioned the need…
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UST yields rose following dovish expectations being tempered by more hawkish signals from the Fed, with 10Y ending near 4.14% (+~3bp) and 2Y at ~3.57%, as rate cuts remain anticipated but with less clarity. The 10-2 spread widened to ~57bp, reflecting steeper curve driven by firm long yields. Long-dated tenors like 20Y and 30Y also…