RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

June Bonds finished down 2-010 at 149-200, 1-860 off the high and 0-130 up from the low.

June 10 Yr Treasury Notes closed down 0-813 at 123-766. This was 0-156 up from the low and 0-516 off the high.

With the US equity market ripping into more new all-time high ground, overall sentiment extremely positive and some traders fearing the current environment will increase the pressure on the Fed to hike rates next month it wasn’t surprising to see Treasury Bonds down by more than 2 1/2 points at times today. Not surprisingly the latest set of US schedule data was mixed and that might keep March rate hike fears to a rumble. There might not be much in the way of support in bonds until the market reaches the bottom of the last two months consolidation zone which is roughly 1 1/2 points below Wednesday afternoon’s range.

Hightower Report