Treasury Market

April 16th, 2014 10:46 am | by John Jansen |

The Treasury market has sagged but most of that sag was in the overseas session and the market right now is virtually unchanged from where I market it at 543AM this morning. Traders cite the impending speech by Ms Yellen as a factor for the lack of activity. One trader favored steepening trades into her speech. He thinks that she can not and will not say anything that the street will conjure as hawkish and in the attempt to do that she will probably steepen the curve. That trader believed that she would focus on the myriad factors which she enumerated as measures of slack in the labor market and how those measures are still quite distant from signalling a robust labor market.

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