empty
 
 

2019.04.1515:15:00UTC+00Treasuries Finish Lackluster Session Roughly Flat

After moving notably lower over the two previous sessions, treasuries showed a lack of direction during trading on Monday.

Bond prices spent much of the day lingering near the unchanged line before closing roughly flat. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by less than a basis point to 2.553 percent.

The choppy trading on the day came as traders looked ahead to the release of some key economic data in the coming days, including reports on industrial production, retail sales, and housing stocks.

Bond traders are also likely to keep an eye on Wall Street's reaction to a slew of quarterly results from several big-name companies.

Overall trading activity may remain somewhat subdued, however, as the holiday on Friday may keep some traders away from their desks.

Traders largely shrugged off a report from the New York Federal Reserve showing growth in regional manufacturing activity picked up somewhat in April but remained fairly subdued.

The New York Fed said its headline general business conditions index climbed to 10.1 in April after falling to 3.7 in March, with a positive reading indicating growth in regional manufacturing activity.

Trading on Tuesday may be impacted by reaction to a pair of U.S. economic reports on industrial production and homebuilder confidence.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback