CME halts some Treasury futures contracts prior to jobs data

|By:, SA News Editor

CME confirms it paused trading in some Treasury futures contracts just before the release of nonfarm payroll data due to large early orders.

CNBC notes that the trades appear to have been betting in the right direction. The public is hyper-sensitive to perceived front-running since the Thomson Reuters/ consumer confidence story broke.

Yields on the 10-year are down 9 bps.

TLT +1%, TBT -2%.