Mid-Session Interest Rate and Treasuries Report

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January 24th, 2012

 

US Treasury markets grinded mostly lower during the morning hours, despite concerns that Greek debt swap talks had stalled. Some traders indicated that the two primary forces weighing on Treasury prices were this morning’s Richmond Fed manufacturing data that came in better then expected and today’s $35 billion 2-Year Note auction. There also seemed to be a level of uncertainty surrounding the Fed’s 2-day policy meeting and the new release of members’ interest rate forecasts. Heading into the noon hour, March 30-Year bonds were trading just above their low of the session and inside of yesterday’s range.

 

*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.

Related Links To CME Educational Content:

Market Commentary and Analysis for Multiple Markets

Chief Economist of the CME Group, Blu Putnam “US Economic Outlook: Upgraded For 2012

A Simple Treasury Futures Duration Adjustment


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