Treasury futures still mixed but holding near recent highs after March Trade Gap widens to to record $140.5B.
Tsy Jun'25 10Y futures currently +3 at 111-05 vs. 111-05.5 high (10Y yld at 4.3355%), initial technical resistance well above at 112-01.5 (High May 2).
For bulls, price needs to trade above key short-term resistance at 112-20+, the May 1 high, to reinstate a bullish theme.
Cross asset: BBG US$ index near recent low at 1219.75 (-1.02); stocks weaker: S&P eminis -50.75 at 5621.0.
CANADA MAR EXPORTS TO U.S. -6.6%, MOST SINCE APRIL 2020
May-06 12:30
CANADA MAR EXPORTS TO U.S. -6.6%, MOST SINCE APRIL 2020
CANADA TRADE BALANCE WITH U.S. +CAD8.4B AFTER +CAD10.8B IN FEB
CANADA TRADE SURPLUS WITH U.S. DOWN FROM JAN RECORD +CAD13.8B
CANADA GLOBAL MAR TRADE BAL -CAD0.5B, PRIOR -CAD1.4B
MNI: CANADIAN MAR TRADE BALANCE CAD -0.5 BILLION
May-06 12:30
MNI: CANADIAN MAR TRADE BALANCE CAD -0.5 BILLION
CANADA MAR EXPORTS CAD 69.9 BLN, IMPORTS CAD 70.4 BLN
CANADA REVISED FEB MERCHANDISE TRADE BALANCE CAD -1.4 BLN