Treasury Prices Creeping Up

In early morning trading, Treasury yields have dipped slightly as prices firm up just a little bit. The Long Bond’s yield has fallen slightly to 2.39% with the Ten-Year yielding around 1.68%. The Two-Year is steady at around 15 basis points.

The Chicago Fed made today’s first data release with a report showing that its National Activity Index fell hard and unexpectedly to minus 1.09 last month from a positive 0.75 that was revised from 0.66. Analysts were looking for a move to 0.72. A little later, the National Association of Realtors is expected to report that Existing Home Sales fell slightly in February.

Meanwhile, crude oil is little changed at $61.26 while gold’s $14 slide has taken that price to $1,732. Equity futures are mixed.