US TSYS: Continue To Move Off Post-Decision Lows
Jan-29 20:01By: Bill Sokolis
US Treasuries+ 1
- Treasury futures are paring post-FOMC losses, futures running near steady to mildly weaker across the board as Chairman Powell softens the hawkish tone over the initial statement as he addresses journalists.
- Currently, the Mar'25 10Y futures trade at 108-30.5 (-2.5), still well inside initial technical ranges. 10Y yield at 4.5506% from 4.5891% high. Curves moving flatter: 2s10s -1.458 at 31.872, 5s30s -1.441 at 42.923.
- Incidentally, BBG US$ index reversed initial gain currently 1301.40 (+.21) vs. 1303.92 post FOMC; Gold well off lows (2755.29 -8.22); stocks pare losses with SPX Eminis at 6071.0 vs. 6042.25 low.
