5-Year T-Note Sep '19 (ZFU19)
5-Year T-Note Futures Market News and Commentary
Dec T-notes (ZNZ19) on Tuesday closed by +6 ticks and the 10-year T-note yield fell by -3.3 bp to 1.766%. T-note prices rebounded from a 1-month low Tuesday and closed higher. The 10-year T-note yield fell back from a 1-month high of 1.805% on positive carry-over from a rally in 10-Year UK gilts. A rally in Dec E-mini S&Ps to a 1-month high in overnight trade on reduced trade tensions knocked Dec T-notes down to an early 1-month low. Stocks rallied on Monday night's comments from President Trump that bolstered optimism the U.S. and China were getting closer to a trade deal when he said that trade negotiations are advancing and China "has started buying" of U.S. agricultural products. T-notes added to their gains Tuesday afternoon when stocks gave up their early rally and turned lower. T-notes recovered their overnight losses and moved higher Tuesday on carry-over support from a rally in UK gilts. The 10-year UK gilt yield fell by -3.9 bp Tuesday on caution ahead of the Parliament vote... Read more
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