Treasury Market Summary

02-Jul-20 14:21 ET

10-Year: + 4/32  0.669%   US/JPY: 107.56    EUR/US: 1.1230

Holiday Week Ends With Modest Gains

• U.S. Treasuries ended the abbreviated week on a modestly higher note after rebounding from their opening lows. The Treasury complex started the day in negative territory after an upbeat session in Asia and Europe was followed by the release of a stronger than expected Employment Situation report for June. The release sent a positive signal about rehiring activity, but another 1.427 million initial claims were filed during the week ending June 27, so a lot of jobs are still being lost. Treasuries hit session lows shortly after the start, spending mid-morning action in a steady rebound that slowed once the long bond approached its flat line. The rebound pressured the 10-yr yield back below its 50-day moving average (0.689%) for the second day in a row. The 2s10s spread expanded by four basis points since last Friday to 52 bps while the 2s30s spread ended the week seven basis points wider at 128 bps. The U.S. Dollar Index rose 0.1% to 97.27, narrowing this week's loss to 0.2%.

       Yield check:

• 2-yr:     -2 bps to  0.15% (-1 bp for the week)
• 3-yr:     -1 bp to   0.18% (UNCH for the week)
• 5-yr:     -2 bps to  0.29% (-1 bp for the week)
• 10-yr:   -1 bp to   0.67%  (+3 bps for the week)
• 30-yr:   UNCH at  1.43%  (+6 bps for the week)...

Bond Market Data

In the News...

Treasury yields have fallen. Why haven't mortgage rates followed?

Read full article here...

Visit our Archive of Mortgage Articles

Treasury Market Summary

02-Jul-20 14:21 ET

10-Year: + 4/32  0.669%   US/JPY: 107.56    EUR/US: 1.1230

Holiday Week Ends With Modest Gains

• U.S. Treasuries ended the abbreviated week on a modestly higher note after rebounding from their opening lows. The Treasury complex started the day in negative territory after an upbeat session in Asia and Europe was followed by the release of a stronger than expected Employment Situation report for June. The release sent a positive signal about rehiring activity, but another 1.427 million initial claims were filed during the week ending June 27, so a lot of jobs are still being lost. Treasuries hit session lows shortly after the start, spending mid-morning action in a steady rebound that slowed once the long bond approached its flat line. The rebound pressured the 10-yr yield back below its 50-day moving average (0.689%) for the second day in a row. The 2s10s spread expanded by four basis points since last Friday to 52 bps while the 2s30s spread ended the week seven basis points wider at 128 bps. The U.S. Dollar Index rose 0.1% to 97.27, narrowing this week's loss to 0.2%.

       Yield check:

• 2-yr:     -2 bps to  0.15% (-1 bp for the week)
• 3-yr:     -1 bp to   0.18% (UNCH for the week)
• 5-yr:     -2 bps to  0.29% (-1 bp for the week)
• 10-yr:   -1 bp to   0.67%  (+3 bps for the week)
• 30-yr:   UNCH at  1.43%  (+6 bps for the week)...

Bond Market Data

In the News...

Treasury yields have fallen. Why haven't mortgage rates followed?

Read full article here...

Visit our Archive of Mortgage Articles