10-Year Treasury Note futures fell on crude and hawkish Fed.
KKM Financial's Dan Deming analyzes the recent pullback in 10-Year Treasury Note futures, which fell today after coming off a seven-session closing high. Deming details how geopolitical tensions in the Middle East and WTI Crude Oil futures holding near monthly highs around $80 are fueling inflation concerns and putting selling pressure on Treasury markets. Additionally, hawkish remarks from Federal Reserve speakers and in-line retail sales data contributed to the sell-off. Deming breaks down the yield curve, noting that the 10-Year Treasury yield rose 2 bps to 265.5 bps, with the short end of the curve seeing the strongest selling pressure as yields climbed across the board.
KKM Financial's Dan Deming analyzes the recent pullback in 10-Year Treasury Note futures, which fell today after coming off a seven-session closing high.
Deming details how geopolitical tensions in the Middle East and WTI Crude Oil futures holding near monthly highs around $80 are fueling inflation concerns and putting selling pressure on Treasury markets.
Additionally, hawkish remarks from Federal Reserve speakers and in-line retail sales data contributed to the sell-off.
Deming breaks down the yield curve, noting that the 10-Year Treasury yield rose 2 bps to 265.5 bps, with the short end of the curve seeing the strongest selling pressure as yields climbed across the board.