Mid-Session Interest Rate and Treasuries Report

BondMoves would like to thank the CME Group for allowing us to reprint the following information. Click here to view all CME Group Market Commentary and Analysis. All copyrights are retained by the CME Group.

 

March 13th, 2012

US Treasury markets trended lower throughout the morning hours, pressured by better-than-expected US Retail Sales data, ahead of a $21 billion 10-Year Note auction, and this afternoon’s FOMC meeting results. Some traders indicated that today’s breakdown in June 30-Year Bonds and 10-Year Notes, to their lowest level since February 22nd, appeared to be in anticipation to the Fed’s post meeting comments this afternoon. Many are of the belief that the Fed will not offer any further signs of quantitative easing (at this meeting), especially as US economic data has improved considerably from January.

 
—–
*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

Dow Jones UBS Commodity Index Analysis


Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

© Bond Market News Built for Bond Trading | BondMoves.com
CyberChimps