MARKET TALK: 10-yr Treasury Futures Near 2.375% Implied Rate

Treasury futures grapple with conflicting market sources, including concerns about slower economic growth in China vs improved outlook in the US June 10-yr Tsy note futures price rebounds from 4 1/2-month low of 127-23. They settled at 127-29+, which is close to 2.375% yield equivalent. 2.375% implied rate equal to June 10-yr Tsy futures price of 127-30+, according to Optima Investment Research. June classic Tsy bonds held above Monday's 4 1/2-month low of 135-05. Classics -- covering 15-25 yr maturities -- settled 8/32 higher at 135-20. June ultra Tsy bonds -- covering maturities longer than 25yrs -- settled 18/32 higher at 148-01.