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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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  • 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