US Treasuries End Mixed in US as Short End Rallies, Long End Falls Back — TradingView News

US TSYS were mixed at 15:00 ET Wed with 2Y yield falling 4.7 bps and 30Y rising 2.3 bps. Curve in steeping mode all session as weak GDP, ADP trashed stocks right from open. 2/10Y curve steepened to +54.8 bps vs 51 on Tues afternoon. This week, markets finally got some hard data showing that perceived economic weakness was not just a matter of sentiment. Consumers, employers, retailers were indeed pulling back. The tariffs situation has not resolved yet and there are opinions on both sides as to how it will work out. In meantime, April has been quite a month for TSYS. 10Y was at 4.17% before Liberation Day Apr 2 and by Apr 4 it had reached low yield of 4.00%. It did not take long for foreigners to express great dismay over US policies/dollar assets. On Apr 11, 10Y hit 4.50% on rumors of Asian selling. Tsy prices/curves were volatile for rest of month depending on data, tariff news, Fedspeak, stocks, inflation/recession worries….