With no economic statistics scheduled for release today, Treasury prices are mixed. After Friday’s wild ride before and after the release of April’s Jobs Report, Treasuries are a bit weaker in the long-end but are showing a little strength in the short-end. Thirty-Year bonds are off about 3/8 of a point in early trading and that puts their yield right at 2.30%. The Ten-Year is little changed as its yield remains around 1.58%. The Two-Year’s very slight price gain has resulted in a yield of 14 basis points. Market participants will be looking forward to Wednesday’s report on consumer inflation and Thursday’s report on producer prices. The Treasury will be selling $126B of threes, tens, and thirties, starting tomorrow with a Three-Year note auction. Meanwhile, crude oil is up less-than-a-dollar to $65.57 while gold’s $9 rally takes that price to $1,841. Equity futures are mixed.
