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bestcasinosignupoffers| U.S. Treasuries fell for a third consecutive day as optimism about inflation faded

Author:editor|Category:Animals

U.S. Treasuries fell for a third consecutive day on Monday, continuing to shrink gains last week on signs of easing inflationary pressures.

Longer-term bonds led the decline, as of 9 a.m. New York timebestcasinosignupoffers: 44, 30-year bonds fell 2 basis points. A wave of selling in the futures market boosted the decline, with 20,000 lots of 10-year Treasury bonds futures changing hands within the three-minute window around 8:20 a.m.

With no economic data on Monday to spur markets to adjust positions, investors turned to comments from multiple Fed officials and a series of investment-grade bond offerings as companies look to issue bonds before the upcoming holiday weekend. Last week's U.S. inflation report helped push the U.S. Treasury market up for a third consecutive week, amid expectations that easing price pressures will allow the Federal Reserve to cut interest rates twice this year.

"Corporate bond issuance seems to be picking up a bit this morning, which could put pressure on the broader market from a technical perspective," said Zachary Griffiths, head of U.S. investment-grade bonds and macro strategy at CreditSights. "We have seen some selling activity in the futures market. Although the economic data is sluggish, the Federal Reserve has made a lot of speeches."

Michael Barr, the Federal Reserve's Vice Chairman for Regulation, said interest rates should be kept unchanged, and Atlanta Fed President Raphael Bostic said that the "steady state" of U.S. interest rates in the future may be higher than in the past.

Market prices currently reflect a rate cut of about 40 basis points before the end of the year, and the market fully absorbed the first rate cut in November.

bestcasinosignupoffers| U.S. Treasuries fell for a third consecutive day as optimism about inflation faded

But there are signs that the futures market is showing new signs of shorting U.S. Treasuries. Trading activity for 2-year and 5-year Treasury futures rose sharply, in line with traders postponing expectations of the Federal Reserve to cut interest rates and creating new short positions.

21 05

2024-05-21 06:45:11

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