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US TSYS: Bonds Reverse Early Gains, Risk Off Consolidation?

US TSYS
  • Treasuries look to finish mostly lower Tuesday, curves twisting steeper (2s10s +5.578 at 25.717) as Bonds lead reversal off this morning's highs (USM5 tapped 119-18 high, tapped 118-00 after the bell).
  • Move partially tied to rebound in stocks off lows during the same period of time, Nasdaq firmly in the green before making a late retreat ahead of the close. Another factor was a retreat in Bunds amid reports officials were proposing a E500B "whatever it takes" defense fund.
  • No substantive data Tuesday, "I do factor in some effect of tariffs on inflation on prices. I do think we're going to see that later this year," Williams told a Q&A at a Bloomberg Invest event.
  • Focus turns to President Trump addressing the joint session of Congress tonight at 2100ET. Followed by ADP private employ data tomorrow morning at 0815ET.
  • Late session chatter that President Trump looks to announce a late term minerals deal with Ukraine after all.
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  • Treasuries look to finish mostly lower Tuesday, curves twisting steeper (2s10s +5.578 at 25.717) as Bonds lead reversal off this morning's highs (USM5 tapped 119-18 high, tapped 118-00 after the bell).
  • Move partially tied to rebound in stocks off lows during the same period of time, Nasdaq firmly in the green before making a late retreat ahead of the close. Another factor was a retreat in Bunds amid reports officials were proposing a E500B "whatever it takes" defense fund.
  • No substantive data Tuesday, "I do factor in some effect of tariffs on inflation on prices. I do think we're going to see that later this year," Williams told a Q&A at a Bloomberg Invest event.
  • Focus turns to President Trump addressing the joint session of Congress tonight at 2100ET. Followed by ADP private employ data tomorrow morning at 0815ET.
  • Late session chatter that President Trump looks to announce a late term minerals deal with Ukraine after all.