2-Year T-Note Jun '21 (ZTM21)
2-Year T-Note Futures Market News and Commentary
Jun 10-year T-notes (ZNM21) on Tuesday closed up +11.5 ticks, and the 10-year T-note yield fell -1.0 bp to 1.407%.
June 10-year T-note prices on Tuesday settled moderately higher. Weakness in stocks on Tuesday spurred some have-haven buying of T-notes. T-notes also garnered some support from a rally in German bunds along with dovish central bank comments.
U.S. stock indexes on Tuesday fell back and provided support to T-notes. Stocks fell on negative carry-over from Tuesday's slump in China's Shanghai Stock Index to a 3-week low after Guo Shuqing, China's top banking regulator, said he's "very worried" about risks from bubbles in global financial markets. Guo said bubbles in U.S. and European markets could burst because their rallies are heading in the opposite direction of their underlying economies and will have to face corrections "sooner or later."
Fed comments on Tuesday were bullish for T-note prices. Fed Governor Brainard said, "th... Read more
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