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The US deficit far exceeded expectations, but the 'long US bond' trade still returned.
The trading of US bonds that leaned long in the past week has rebounded significantly. According to a JPMorgan bond customer survey, in the week ended June 17th, the long position of US bonds rose by 6 percentage points, pushing the net long position to the highest level since May 20th. The overnight weaker retail data further fueled the rise in US bond prices and diving yields.
Slowing U.S. Inflation Expected to Open Up Opportunities in Bond Markets
0658 GMT - Slowing U.S. inflation is likely to coincide with a broader pullback in U.S. economic growth, and the Federal Reserve's anticipated rate-cut time frame highlights potential fixed-income opp
Express News | US April Core PCE Price Index YoY 2.8% Vs 2.8% Forecast, Prior 2.8%
Piper Sandler: Biden's re-election will boost 10-year US Treasury yields
Investment bank strategist Piper Sandler said that if Biden is re-elected as US president in November this year, 10-year US bond yields may rise by about 12 basis points.
Treasury Yields Hold Steady After U.S. Weekly Jobless Claims Come in Below Expectations
Treasury yields were little changed Thursday morning after weekly initial jobless-benefit claims remained rangebound last week.
Treasury Yields Inch Higher as Traders Absorb Fed Minutes, Await Economic Updates
Bond yields rose slightly early Thursday as investors eyed looming weekly jobless claims data and services and manufacturing surveys for fresh clues on the health of the U.S. economy.