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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.
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  • 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.