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09:05
10/12/18
10/12
09:05
10/12/18
09:05

Treasury Action: yields trickled lower

Treasury Action: yields trickled lower with stocks cooling off from earlier pre-open highs and Bund yields near session lows. Import prices came in a little hot, though export prices were flat. Fed dove Evans was also pretty relaxed on inflation risks, while still eying higher neutral fed funds rates. The 2-year yield eased from the 2.87% area to 2.85%, while the 10-year yield dipped from 3.175% to 3.15%. Yields are still 1.7-2.7 basis points higher along the curve, led by the belly, relative to the big stock market rebound. The 2s-10s spread is near +30.1 bp, about a bp steeper.

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