T-Bond Mar '21 (ZBH21)
T-Bond Futures Market News and Commentary
Jun 10-year T-notes (ZNM21) on Friday closed down -1.5 ticks, and the 10-year T-note yield fell -0.8 bp at 1.556%.
June 10-year T-note prices (ZNM21) on Friday dropped to a contract low, and the nearest-futures March contract tumbled to a 1-year low. The 10-year T-note yield climbed to a new 1-year high of 1.624%. A stronger-than-expected U.S. Feb payroll report on Friday undercut T-note prices. T-notes were already on the defensive from Thursday when Fed Chair Powell did not express concern over the recent jump in T-note yields to 1-year highs and said that only "disorderly" market conditions would concern him.
Friday's monthly U.S. Feb unemployment report was bearish for T-note prices. U.S. Feb nonfarm payrolls rose +379,000, stronger than expectations of +200,000 and the biggest increase in 4 months. Also, The Feb unemployment rate unexpectedly fell -0.1 to an 11-month low of 6.2%, showing a stronger labor market than expectations of unchanged at 6.... Read more
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Yesterday we suggested a Down day and the markets responded. What will it be today? Read on to learn more
- Gold Continues Declines on Bond Yield Jitters
The economy seems to be recovering, while bond yields are increasing again, sending gold prices down.
- Midday Market Minute / S&P, NQ, and more
Our daily midday video and morning note that goes out ahead of the bell