10-Year T-Note Sep '20 (ZNU20)
10-Year T-Note Futures Market News and Commentary
Sep 10-year T-notes (ZNU20) on Monday closed down -2.5 ticks, and the 10-year T-note yield rose +0.8 bp to 0.572%.
Sep 10-year T-note prices on Monday erased an early rally as they drifted lower throughout the day and finished with modest losses. Strength in stocks weighed on T-note prices Monday, as did stronger-than-expected U.S. economic data. T-notes had opened higher Monday on an escalation of U.S./China tensions along with carry-over support from a rally in German bunds.
U.S. stock indexes rallied Monday and curbed safe-haven demand for T-notes. Stocks gained after President Trump took executive actions to extend economic aid as Congress remains at an impasse on passing a new virus relief package. President Trump on Saturday signed four executive orders, including extending unemployment benefits, a request for eviction protection, student loan relief, and a temporary payroll tax deferral.
Monday's U.S. economic data was bearish for T-notes after U.S. Jun J... Read more
- Stock Indexes Are Higher
Stock index futures are higher despite stepped uptensions between the U.S. and China and potential complications surrounding fresh federal stimulus spending...
- Gold Is Starting Its Move
Everything good comes to its end sooner or later, and the higher one rises, the deeper one falls. These could very well apply to the current situation...
- S&P 500 Bulls Are Likely To Get Tested Soon
The S&P 500 closed again above the mid-Feb bearish gap, and the talk of taking on the all-time highs is intensifying. So does the greed that's growing...
- Buy the Sizzle, Sell the News
On Friday the markets showed fractionally gains in the last 20 minutes, to find out why read on...
- July Nonfarm Payrolls Increase More than Expected
July nonfarm payrolls report showed an increase of 1,800,000 when a gain of 1,675,000 was expected
- S&P 500 Bulls Meet Non-Farm Payrolls
The mid-Feb bearish gap has been closed, and S&P 500 is getting ever closer to the Feb all-time highs. The outlook for markets on my radar screen is shining...