Treasuries Show Significant Move Back To The Downside

Treasuries reversed the prior-session rebound and moved back to the downside on Tuesday, indicating renewed selling pressure in the US government bond market. Monitor resulting upward pressure on yields and spillovers to rate-sensitive assets, and watch upcoming auctions and Fed/economic cues for further direction.

Analysis

Treasuries reversed the prior-session rebound and moved back to the downside on Tuesday, indicating renewed selling pressure in the US government bond market. Monitor resulting upward pressure on yields and spillovers to rate-sensitive assets, and watch upcoming auctions and Fed/economic cues for further direction.