10-Year T-Note Futures Market News and Commentary
Dec T-notes (ZNZ19) on Monday closed up +6 ticks. The 10-year T-note yield fell by -2.1 bp to 1.810%.
Dec T-note prices on Monday recovered from overnight losses and settled higher, and the 10-year T-note yield fell to a 1-1/2 week low of 1.793%, on doubts about progress in U.S./China trade talks.
Doubts about a trade deal increased after CNBC reported Monday 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. T-notes had earlier opened lower 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 on Monday. Bunds rallied on concerns about the German economy, Europe's large... Read more