Interest Rate and Treasuries Market Recap

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April 9th, 2012

The Treasury market forged a noted range up extension today in the wake of ongoing concern toward the pace of the US economy, especially since many traders think it could take a series of slow US readings to effectively alter the Fed’s on-hold bias. Noted downside action in US equities today seemed to add to the economic disappointment seen in the wake of the payrolls and it is also possible that US Treasuries were getting some lift from expectations of revived European debt concerns tonight. Despite a positive Chicago Fed Midwest manufacturing result, some players think that the Fed is potentially poised to relent on their recent shift toward tightening. Some traders suggest that the short trading session on Friday resulted in some carry over buying today.

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