Treasuries are lower than yesterday at the opening of today’s session. The yield on the UST10-Year is currently at 2.818% after closing at 2.782% during the prior session.
The 10-Year Note lost territory at the opening of the session today as risk assets recovered value following yesterday’s drop amid allegations from President Trump that an attack on Syria could be imminent.
Initial Jobless Claims for the week ended on April 7 reached 233k, exceeding expectations of 230k but coming down from previous 242k mark. Continuing Claims for the week ended on March 31 reached 1871k, above survey of 1843k and rising from prior mark of 1818k revised. Further, the month-over-monthImport Price Index for March reflected a 0.00% change, versus estimates of 0.10% and down from prior 0.30% revised; while the year-over-yearImport Price Index for March reflected a 3.60% change, versus estimates of 3.80% and up from prior 3.40% revised. Conversely, the month-over-monthExport Price Index for March reflected a 0.30% change, versus survey and prior mark of 0.20%; while the year-over-yearExport Price Index for March reflected a 3.40% change compared to its prior mark of 3.20% revised. Finally, the Bloomberg Consumer Comfort Index for the week ended April 8 scored 58.00 versus prior mark of 57.20.
Minneapolis Fed President Kashkari will participate in a panel today in Minneapolis. Also, A U.S. Treasury auction cycle concludes today at 10:00 AM (PT) with $13 Billion in 30-Year bonds.
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The 10-Year Note lost territory at the opening of the session today as risk assets recovered value following yesterday’s drop amid allegations from President Trump that an attack on Syria could be imminent.
Initial Jobless Claims for the week ended on April 7 reached 233k, exceeding expectations of 230k but coming down from previous 242k mark. Continuing Claims for the week ended on March 31 reached 1871k, above survey of 1843k and rising from prior mark of 1818k revised. Further, the month-over-month Import Price Index for March reflected a 0.00% change, versus estimates of 0.10% and down from prior 0.30% revised; while the year-over-year Import Price Index for March reflected a 3.60% change, versus estimates of 3.80% and up from prior 3.40% revised. Conversely, the month-over-month Export Price Index for March reflected a 0.30% change, versus survey and prior mark of 0.20%; while the year-over-year Export Price Index for March reflected a 3.40% change compared to its prior mark of 3.20% revised. Finally, the Bloomberg Consumer Comfort Index for the week ended April 8 scored 58.00 versus prior mark of 57.20.
Minneapolis Fed President Kashkari will participate in a panel today in Minneapolis. Also, A U.S. Treasury auction cycle concludes today at 10:00 AM (PT) with $13 Billion in 30-Year bonds.
The curve has bear-steepened with the UST 10-Year yield up 3.6 bps from prior closing.