December 04, 2024 19:07 GMT
US TSYS: Tsys Trim Gains As Chairman Powell Continues
US TSYS
- Treasury futures scale back from recent highs as Fed Chairman Powell moderated discussion continues.
- The Mar'25 10Y futures slip to 111-03.5 (+4.5) from 111-07 after Chairman Powell touched upon the current strength of the economy and current market projections of rate cuts -- adding the Fed can be cautious in adjusting rates.
- Curves turn mixed: 2s10s +1.890 at 6.189, 5s30s -.437 at 28.290.
- The Fed Beige Book has also been released, showing prices have risen at a modest pace across Fed districts.
81 words