US Treasuries rebound: low prices trigger short covering

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汇通财经2026/05/14 10:58

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U.S. Treasury bonds rebounded in overnight trading as some European markets were closed for Ascension Day, leading to notable buying in a low-liquidity environment. A London trader noted that the market reached levels sufficient to trigger buying and technically was at a position suitable for short covering.
As of 18:09 (GMT+8), 10-year Treasury futures saw a trading volume of 359,000 contracts, with the June contract trading between 110-02 and 110-06.5, last quoted at 110-05. S&P 500 index futures rebounded 0.2%, Eurozone Stoxx 50 index rose 0.5%, while the Nikkei 225 index fell 1% and the CSI 300 index dropped 1.7%.
Crude oil prices were relatively mild, rising $0.30 to $101.32 per barrel. German government bonds also rebounded, up by one-third of a point from the settlement price, with the spread between 10-year U.S. Treasuries and German Bunds virtually unchanged at 138.3 basis points at the close of European trading on Wednesday.
The U.S. dollar index remained steady at Wednesday’s closing high of 98.53. GBP/USD edged lower to 1.3513, USD/JPY was at 157.92, EUR/USD was unchanged at 1.1707, and gold held steady at $4,692.29 per ounce.

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US Treasuries rebound: low prices trigger short covering

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