Treasury Market Outlook: Treasuries are little changed
Treasury Market Outlook: Treasuries are little changed, having pared earlier gains, amid broad gains in equities. European bonds are still in the green but are off their best levels too. The 10-year Treasury yield sunk to 1.75% but has edged back to 1.767%. The Bund is at 0.048% but was as low as 0.036%. The Gilt is outperforming with the yield down 3 bps to 1.07%, having ignored stronger inflation data. Several Asian equities and European bourses are over 1% higher, with the latter bouncing from recent declines on hope monetary policy will remain simulative. Meanwhile, a solid earnings beat from Goldman and BlackRock should keep a positive spin in stocks. Today's U.S. calendar will be important. It features September CPI, along with the October NAHB housing market index, and August Treasury TIC flow data, as well as chain store sales. There are more earnings news from Comerica, Domino's Pizza, Harley-Davidson, Intel, Interactive Brokers, Intuitive Surgical, Johnson & Johnson, Philip Morris, Regions Financial, Charles Schwab, UnitedHealth Group, W.W. Grainger, and Yahoo!.