Treasuries Surge, Extending Post-Inauguration Gains
- 2-year, 5-year and 10-year yields test 50-day moving averages
- Heavy volume in eurodollar futures expiring in 2017, 2018
Why There's a Showdown Looming in the Treasury Market
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Treasuries rose, extending last week’s response to the protectionist tone of President Donald Trump’s inaugural speech.
Treasuries rose after Trump vowed “a very major border tax” on imports in a meeting with business leaders, after an earlier comment that taxes will be cut “massively” for the middle class and companies appeared to weigh. Yields were lower by 4-8 basis points at 3 p.m. New York time, with the 10-year down by about 6.8 basis points at 2.399 percent.