Treasuries continue choppy trade
2-yr -01/32 @ 99 30/32
3-yr -01/32 @ 100 10/32
5-yr -01/32 @ 100 11/32
7-yr -02/32 @ 100 04/32
10-yr unch @ 102 12/32
30-yr +06/32 @ 104 30/32
Another quiet day in the Treasury complex is playing out as a lack of market moving data and little macro developments has led to choppy trade. The 30-yr continues to hold small gains while the rest of the complex is seeing minimal losses. Despite its bid, the 30-yr yield is higher by almost 1 bp to 4.452%. Today’s action has left the yield curve little changed with the 2-10-yr spread near 269 and the 10-30-yr spread a little flatter at 111. Spot gold is unchanged at 1247, and spot silver trades higher by 18 cents at 36.29.
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