[MARKET ANALYSIS] Treasury futures rally amid heavy tech selling
The report described gains in U.S., German, and Japanese bond futures amid tech selling, Fed remarks, and market-specific factors; retrieved evidence adds context and a closing-oil qualification.
News detail
USTs: +16 ticks Extended on its rebound from post-CPI lows as the tech sell-off triggers a flight to quality, while there were several comments from Fed officials, with Bowman stating there was no urgency to take further action on interest rates, while Goolsbee said a hotter-than-expected reading on September inflation is “discouraging" but wants to wait for more data before taking action to raise rates higher. Bunds: +81 ticks Remained underpinned amid the stock rout and a pullback in oil. JGBs: +53 ticks Tracked the rebound in global peers as yields declined and with prices ignoring the stronger-than-expected Machinery Orders data.
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