| 2018-10-12 09:05:02|
09:05 10/12 10/12/18
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.