Flash: US treasuries volumes down – RBS

FXstreet.com (New York) - Treasuries are a bit weaker again today after European PMI data surprised on the upside, while US data was mixed, notes the RBS Research Team.

Key quotes

“Intermediate Treasuries have rallied back to bear trendlines that have been in place since early May.”

“Daily momentum studies in most Treasury benchmarks are now overbought. Tactically-minded investors should be flat here while awaiting better trade location.”