10-Year T-Note Futures Market News and Commentary
Dec T-notes (ZNZ19) this morning are up +6 ticks. The 10-year T-note yield is down -2.6 bp to 1.805%.
Dec T-note prices recovered from overnight losses and the 10-year T-note yield fell to a 2-week low of 1.626% after stocks gave up overnight gains on doubts about progress in U.S./China trade talks.
Doubts about a trade deal increased after CNBC reported today that the mood in Beijing about a U.S./China trade deal is pessimistic after President Trump nixed a rollback on tariffs of Chinese goods. U.S. stock index futures earlier climbed to new record highs and T-note prices retreated in overnight trade on trade optimism after the Chinese Commerce Ministry said Chinese Vice Premier Liu spoke with U.S. Treasury Secretary Mnuchin and Trade Representative Lighthizer on Saturday in "constructive discussions" to address each side's core concerns of phase one of the trade deal
Gains in German 10-year bunds also provided carry-over support to T-notes today. Bunds rallied... Read more