10-Year T-Note Mar '19 (ZNH19)
10-Year T-Note Futures Market News and Commentary
Dec T-notes (ZNZ19) this morning are up +9 ticks. The 10-year T-note yield is down by -6.0 bp to 1.826%.
Dec T-note prices are stronger this morning on positive carry-over from a rally in European bond markets along with weak stocks that has boosted safe-haven demand for T-notes.
Lower European bond yields are giving T-note prices a boost today. The German 10-year bund yield is down -3.6 bp today to a 1-week low of -0.336% and the UK 10-year gilt yield is down -3.4 bp to a 1-week low of 0.725%.
Trade tensions are undercutting stocks and sparking safe-haven demand for T-notes after China's Commerce Ministry said today that removing existing tariffs was an important condition for any trade deal.
Today's global economic data has sparked growth concerns and boosts central bank easing expectations that are bullish for T-notes. China Oct industrial production rose +4.7% y/y, weaker than expectations of +5.4% y/y. Also, Japan Q3 GDP rose +0.2% (q/q annualized),... Read more
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