U.S. Interest Rate Markets
Dec 10-year T-note prices this morning are up +3 ticks. Tuesday's closes: TYZ7 -11.50, FVZ7 -6.50. Dec 10-year T-notes on Tuesday fell to a 2-week low and closed lower on signs of strength in the U.S. labor market that bolsters the case for additional Fed rate hikes after the Jul JOLTS job openings unexpectedly rose to a record high 6.17 million. T-notes also fell back after the S&P 500 rallied to a fresh all-time high and on an increase in inflation expectations after the 10-year T-note breakeven inflation rate rose to a 3-1/2 month high.