The U.S. Treasury announced on Wednesday it will hold the size of coupon auctions steady in the upcoming quarter when it conducts a small "contingency auction" that an official said would test its ability to borrow following a cyber attack.
Federal Reserve policymakers are putting markets on notice that the central bank's $4.5 trillion balance sheet is back on the agenda in an apparent effort to give investors time to prepare for changes rather than to signal any action is imminent.
Finding trades, opportunities to make money, is what technical analysis is all about. Therefore, it is often very beneficial to combine long- and short-term analysis to improve timing, and therefore gain better control of the “risk of ruin” when initializing trades. The 30-Year Treasury Bond monthly offers a good example of this technique.
Treasury and Eurodollar futures are lower in early trade today, following the strongest session since Feb. 25. That late-Feb session, as appears likely for yesterday’s trade, did not mark a renewed bullish trend.
It is unusual when open interest in Eurodollars and Treasury futures declines on the session where the employment report is released. The reason for generally higher open interest results on these sessions may be that all parties involved have a greater confidence in their understanding of current conditions and are thus more willing to enter into new positions.