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12 Jun 2013
Flash: 10-year US treasuries continue to exercise cautious trading – RBS
FXstreet.com (New York) - According to the RBS Research Team, “We continue to advise caution with a bigger picture 'buy dips' mode – we are waiting particularly to see how the market handles supply this week.”
Indeed, global volatility continues, and at some point this will turn to a support for the Treasury market, as we have started to see this week. US 10yr yields sold off to 2.21% overnight on some early JGB jitters, but recovered as JGBs settled sown and as European bond markets were stable. Total Treasury inter-dealer broker volume was 70% of the 10-day average through this morning.
Indeed, global volatility continues, and at some point this will turn to a support for the Treasury market, as we have started to see this week. US 10yr yields sold off to 2.21% overnight on some early JGB jitters, but recovered as JGBs settled sown and as European bond markets were stable. Total Treasury inter-dealer broker volume was 70% of the 10-day average through this morning.