Treasury futures rise as 10-Year yields close under 4.30%. Thu, 09 Apr 2026 16:57:38 -0500
10-Year Treasury note yields drifted lower after an initial push above the 4.30% level, ultimately seeing buyers return to force a third consecutive close below that threshold. The move coincided with the month's final refunding efforts, highlighted by a mediocre 30-year auction. Following a strong 3-year auction earlier in the week, the weaker demand for the 10-Year and 30-year auctions suggests interest in the back end of the curve is waning. Meanwhile, interest rate volatility continues to contract; the CVOL index has moved steadily lower over recent weeks, reaching its lowest point since mid-March. Market attention now pivots to Friday's key economic data, including the latest CPI print, University of Michigan consumer sentiment and inflation expectations, and final durable goods figures, all of which could impact Treasury futures and broader interest rate pricing.

Markets pause as inflation data looms. Thu, 09 Apr 2026 11:19:02 -0500
Bob Iaccino breaks down the recent pause in U.S. equities following a strong market rally. He analyzes the latest PCE inflation data, jobless claims, and their impact on Treasury yields and the U.S. dollar. Looking ahead, Iaccino highlights the upcoming CPI report, potential crude oil volatility due to geopolitical tensions, and key global economic releases expected to round out the week.

10-Year Note futures climbed as yields hit 4.22% on ceasefire. Wed, 08 Apr 2026 15:57:49 -0500
Todd Colvin analyzes the recent drop in 10-Year Note yields, which hit 4.22%—their lowest level since mid-March—following a ceasefire announcement, before rebounding to close near 4.28%. Despite the intraday rebound, yields marked their second consecutive close below 4.30%, signaling underlying strength for Treasury futures. Colvin also reviews the newly released FOMC minutes, noting a more hawkish tone as the Fed balances concerns over jobs, growth, and inflation, leaving the door open for both rate cuts and hikes. Additionally, the CVOL index dropped to near month-to-date lows following the geopolitical developments. Looking ahead, traders will monitor Thursday's initial jobless claims, the PCE inflation gauge, and a $22 billion 30-Year Treasury auction for further market direction.

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Crude oil falls on U.S.-Iran ceasefire. Markets look to Fed minutes. Wed, 08 Apr 2026 10:06:06 -0500
Bob Iaccino of Path Trading Partners breaks down the massive market shifts following a two-week U.S.-Iran ceasefire agreement. WTI crude futures plummeted over 16% ahead of the deadline, sending equities and metals surging while U.S. Treasury yields dropped. Iaccino also previews the upcoming FOMC minutes, highlighting what to watch regarding rate holds and balance sheet runoff. Additionally, he covers the crucial February PCE data release, explaining why this backward-looking metric serves as a vital inflation baseline before recent geopolitical shocks. Finally, get a preview of upcoming earnings from major companies and key economic data including jobless claims and Fed speaker schedules.

2-Year T-Note futures rally as curve steepens on stagflation fears. Tue, 07 Apr 2026 16:43:27 -0500
2-Year Note futures are trading higher for a second consecutive session amid a notable dispersion between shorter and longer-dated Treasuries. U.S. economic data released this morning has revived discussions around stagflation, highlighting slowing growth coupled with persistent inflation pressures. Despite this, a recent 3-Year Note auction saw robust indirect foreign demand, offering short-term support to the front end of the curve. Yields reflected this divergence, with the 2-Year dropping 2 bps to 383 bps, while the 10-Year yield rose 1.5 bps, resulting in a 3.5 bps steepening of the curve. Fed officials continuing to voice concerns over inflation are keeping the market focused on shifting forward rate expectations and geopolitical tensions.

Oil spikes as geopolitical tensions rise. Tue, 07 Apr 2026 11:06:21 -0500
Bob Iaccino discusses the morning's mixed market signals, noting that while stock index futures are down slightly, they remain positive against last week's close. He highlights divergent comments from Fed officials and mixed U.S. durable goods data. Iaccino points out a significant spike in WTI crude oil driven by escalating geopolitical tensions in Iran and impending deadlines at the Strait of Hormuz. He advises traders to monitor upcoming FOMC minutes for hints on future rate moves and labor market concerns. Finally, he outlines the unofficial start of earnings season, featuring reports from Delta Airlines and RPM International, alongside key U.S. and international economic data releases.

Excell with Options: Using Options to Analyze Energy Spikes and Rate Expectations Tue, 07 Apr 2026 08:00:00 -0500
Read the latest Excell with Options as Rich Excell uses CME Group options to set up a trade amid energy spikes and FOMC rate expectations.

10-Year Treasury Note yields dip to 4.33% as futures rally. Mon, 06 Apr 2026 16:26:45 -0500
Today in the interest rate markets, 10-Year Treasury Note yields moved higher early in the session as the market absorbed Friday's strong employment report following a holiday closure. However, yields eventually reversed course, moving lower to close near 4.33%. Despite the slight drop in yields, market volatility nudged higher, reflected in the CVOL index, driven by ongoing geopolitical risks in the Middle East. Looking ahead, traders are preparing for a busy Tuesday featuring the ADP employment change report, durable goods data, and a $58 billion three-year Treasury auction.

Markets rebound as geopolitical risks escalate. Mon, 06 Apr 2026 10:15:24 -0500
Bob Iaccino breaks down the morning's market rebound and the latest U.S. ISM non-manufacturing figures. He examines crude oil's recovery amid escalating geopolitical tensions and potential supply disruptions in the Strait of Hormuz. Bob also previews the upcoming EIA short-term energy outlook and highlights key global economic data and earnings reports expected later this week.

10-Year T-Note futures gained as Fed comments tempered concerns. Thu, 02 Apr 2026 16:33:06 -0500
10-Year T-Note futures experienced a recovery from early selling pressure, holding the 111 handle and trading higher in three of the past four sessions. Price action was supported by recent remarks from Federal Reserve officials, who indicated a potential path for lower interest rates later in the year. These comments helped temper short-term concerns surrounding inflation and Middle East tensions, bringing equilibrium back to the market after yields previously climbed to multi-month highs. Across the curve, yields from 2s to 30s moved slightly lower in unison. Traders are now shifting their focus to the upcoming unemployment report, which will be released during an extended holiday weekend when markets are closed, potentially setting the tone for next week.

Geopolitical deadlines and a $125 billion auction week. Thu, 02 Apr 2026 14:00:14 -0500
As the trading week begins, global markets face a critical April 6 deadline regarding geopolitical tensions in the Middle East and the reopening of the Strait of Hormuz. The outcome of these discussions could have widespread implications across asset classes. Simultaneously, fixed income markets brace for a substantial $125 billion in U.S. Treasury auctions, featuring 3-year, 10-Year, and 30-year maturities. With Treasury yields recently breaking a four-week rising streak, the market's absorption of this new supply will be heavily scrutinized for clues on the future trajectory of interest rates. Investors are closely monitoring how these dual catalysts might inject volatility into the broader financial landscape.

Geopolitical tensions push crude futures higher. Thu, 02 Apr 2026 11:12:57 -0500
Bob Iaccino details the morning's broad market selloff, with all four major equity indexes and precious metals trading notably lower. Meanwhile, WTI crude futures are surging due to escalating geopolitical tensions in the Middle East following recent remarks from the U.S. president. Iaccino also previews tomorrow's crucial non-farm payrolls report, despite most major U.S. markets being closed for the Good Friday holiday. Plus, an upcoming afternoon speech from Fed Governor Michelle Bowman could provide further insights ahead of first-quarter earnings.

Treasury futures held steady as 10-Year yields reversed higher. Wed, 01 Apr 2026 16:43:50 -0500
Treasury futures held steady as 10-Year yields experienced a volatile session, initially dropping to 4.25% before reversing course to close nearly unchanged at 4.32%. The broader interest rate market also observed a continuation of declining volatility, with the CVOL index trending lower since last Friday, though levels remain elevated compared to recent weeks. Looking ahead, market participants are preparing for Thursday's initial jobless claims data for a real-time view of the labor market. Additionally, traders continue to monitor incoming geopolitical headlines from the Middle East and upcoming statements from the U.S. president and Federal Reserve speakers.

Equities rise on geopolitical updates. Wed, 01 Apr 2026 10:30:18 -0500
Bob Iaccino covers the morning's market action with equities pushing higher while crude oil falls on geopolitical updates regarding Iran. He analyzes the latest ISM manufacturing data, which came in stronger than expected, and examines gold's technical levels after it broke below its 50-day moving average. He also previews an upcoming primetime address on foreign policy and looks ahead to key earnings and economic data, including U.S. jobless claims and a speech by Fed Governor Bowman.

10-Year T-Note futures reclaimed 111 as yields fell 4.5 bps. Tue, 31 Mar 2026 16:50:00 -0500
10-Year T-Note futures traded higher for a second consecutive session, reclaiming the 111 handle and pricing around 111'01 as the market bounced off recent multi-month lows. The upward price action was driven by softer U.S. economic data, as both JOLTS job openings and Chicago PMI came in below expectations, despite a slight uptick in consumer confidence. Additionally, a perceived softening in Middle East tensions and a pullback in crude oil prices helped stem short-term concerns, providing a bid across Treasury markets. As futures prices moved higher, yields declined across the entire duration curve. The 10-Year yield dropped 4.5 bps to 4.30%, with similar 4 to 5 bps declines seen from the 1-year out to the 30-year. Recent Fed speak also left the door open for potential rate cuts later in the year, providing further underlying support.

Markets Rally on Economic Data and Iran Talks. Tue, 31 Mar 2026 11:04:31 -0500
Bob Iaccino reviews the morning's market action, noting that equities are starting higher, led by the Russell futures. Optimism over potential talks regarding the Iran conflict is providing a boost to stocks. Meanwhile, U.S. yields continue to fall amid dollar weakness. Crude oil has retreated from recent highs following an initial geopolitical spike. Looking ahead, Iaccino highlights the importance of the upcoming ADP private payrolls report as a crucial read on the jobs market. He also previews upcoming earnings from major U.S. companies like Nike and Conagra Brands.

Treasury futures steady as 10-Year yields drop to 4.32%. Mon, 30 Mar 2026 16:24:12 -0500
Todd Colvin discusses the latest movements in the rates market. 10-Year Treasury Note yields opened the week moving lower, assisted by remarks from the Fed Chair. Despite higher oil and energy prices blurring short-term views, the Fed Chair indicated that long-term inflation expectations remain intact. This pushed yields down 15 bps from Friday's highs to close at 4.32%. Concurrently, the CVOL index showed volatility moving down alongside yields for a second consecutive session, though yields remain elevated compared to a month ago. Traders are now looking ahead to Tuesday's economic data, including the Chicago PMI, Consumer Confidence, and JOLTS, along with further commentary from Fed speakers.

Stocks mixed Crude Oil futures gap higher. Mon, 30 Mar 2026 12:00:10 -0500
Bob Iaccino discusses the mixed start for equities as WTI crude oil remains elevated above $102. Despite the pressure from energy prices, U.S. Treasury yields are lower across the curve, providing a tailwind for gold and silver. All eyes are on Fed Chair Jerome Powell's appearance at Harvard University today, his first since the March FOMC meeting. While billed as a non-monetary event, investors are looking for signals regarding geopolitical tensions in Iran and the Fed's inflation stance as Powell's term nears its end in May 2026. The report also previews upcoming earnings from Progress Software and McCormick, alongside a heavy slate of global economic data including U.S. JOLTS and Chinese PMI.

Quote Vendor Symbols Listing Sun, 29 Mar 2026 13:25:00 -0500
The "Quote Vendor Symbol" file contains a list of products cleared by CME Group, along with the product codes utilized by select market data distributors.