5-Year T-Note Sep '19 (ZFU19)
5-Year T-Note Futures Market News and Commentary
Dec 10-year T-notes (ZNZ20) on Monday closed down -0.5 of a tick, and the 10-year T-note yield rose +0.5 bp to 0.659%.
Dec 10-year T-note prices on Monday settled little changed. A rally in U.S. stock indexes on Monday weighed on safe-haven demand for government debt and T-note prices. Also, a slew of upcoming corporate issuance totaling at least $25 billion this week is weighing on T-notes as bond dealers short T-notes to hedge against the coming supply. Losses in T-notes were limited by dovish ECB comments.
Stocks on Monday pushed higher today with the S&P climbing to a 1-week high, which weighed on T-note prices. Optimism in the global economy gave stocks a boost on Monday. Chinese economic data from Saturday showed China Aug industrial profits rose +19.1% y/y to 613 billion yuan, the fourth consecutive monthly increase. European stocks received support on optimism the EU and UK can resolve their Brexit differences after UK Cabinet Office Minister Gove said that his... Read more
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