The UST10-Year yield is at 1.740% this morning after closing at 1.745% on Wednesday.
Treasury yields are slightly lower this morning as investors pick up US bonds following the European Central Bank's decision to continue with its current QE policy until at least March of 2017. New York Fed President Bill Dudley said that the Fed is prepared to raise rates before 2017 if the data supports it.
Initial Jobless Claims came in at 260K vs. 250K expected and Continuing Claims were 2057K vs. 2053K expected. The Philadelphia Fed Business Outlook survey was 9.70 vs. an expected 5.00. Existing home sales were strong at 5.47 Million vs. 5.35 Million expected, an increase of 3.20% month over month. The Leading Indicators Index came in line at 0.20% vs. 0.20% expected.
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Treasury yields are slightly lower this morning as investors pick up US bonds following the European Central Bank's decision to continue with its current QE policy until at least March of 2017. New York Fed President Bill Dudley said that the Fed is prepared to raise rates before 2017 if the data supports it.
Initial Jobless Claims came in at 260K vs. 250K expected and Continuing Claims were 2057K vs. 2053K expected. The Philadelphia Fed Business Outlook survey was 9.70 vs. an expected 5.00. Existing home sales were strong at 5.47 Million vs. 5.35 Million expected, an increase of 3.20% month over month. The Leading Indicators Index came in line at 0.20% vs. 0.20% expected.
The curve has bear-flattened with the UST 10-Year 0.5 bp down from prior closing and the UST 2-Year up 2 bps from prior closing.