NewsMV
Treasury yields moved higher as investors looked ahead to economic data releases expected later this week. Treasuries, the near-term setup turns on what those numbers deliver.
The yield move heading into a data-heavy stretch follows a pattern the bond market revisits often. Consensus leans in the direction it expects the data to confirm, and the trade follows.
That is exactly where the positioning becomes worth questioning. When the market is set up in one direction ahead of a release, the print does not need to miss badly to shake the trade.
A modest surprise in either direction is often enough to unwind it. What to watch The economic data due later this week will settle the directional question.
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