September 30, 2024 18:20 GMT
US TSY FUTURES: Extending Lows as Powell Discusses Pace of Rate Cuts
US TSY FUTURES
- Treasury futures extend session lows as Chairman Powell continues with Q&A at NABE conference.
- TYZ4 trades down to 114-07.5 low (-16) as Chair Powell points out the committee is not in a hurry to cut rates.
- Curves bear steepening to new lows, 2s10s -5.273 at 13.662.
- Stocks are trading moderately weaker now as well, session lows:
- DJIA down 251.65 points (-0.59%) at 42061.94
- S&P E-Mini Future down 17.5 points (-0.3%) at 5773.5
- Nasdaq down 61.9 points (-0.3%) at 18057.93
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