Flash: US treasuries volumes down – RBS

FXstreet.com (New York) - Treasuries are a bit weaker this morning as markets begin the low-volume summer doldrums, notes the RBS Research Team.

Key quotes

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

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