U.S. market reaction to Israel-Hamas conflict has been ‘rational and moderate’: CIO
Trading in U.S. government-debt futures reflected greater demand following the weekend attack by Hamas on Israel, buttressing the possibility that Treasury yields could fall when the cash market reopens on Tuesday.
The price on 10-year Treasury note futures TY00 began to rise about 90 minutes before the U.S. stock market opened Monday morning, and pushed above its recent moving averages, according to FactSet data. The roughly $25 trillion Treasury market was closed on Monday for Columbus Day and Indigenous Peoples Day.
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