Mid-Session Interest Rate and Treasuries Report

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February 28th, 2012


US Treasury markets trended higher throughout the morning hours, with March 30-Year Bonds climbing to a new high for the move. Some traders suggested that this morning’s much weaker than expected durable goods data, which showed its largest one-month decline in nearly three years, seemed to revive flight-to-quality demand for US debt. The second tier of US economic data came in better than expected, with consumer confidence climbing to its highest level in a year, and that served to pressure the US Treasury complex off from their best levels of the morning. In the meantime, some traders indicated that there could be an increase in demand from end-of-month buying.


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