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.

 

April 9th, 2012

June bonds rallied to their highest level since March 12th as they had a further chance to react to Friday’s weaker than expected US Non-Farm Payroll data. The softness in the labor market appears to have renewed concerns over a slow rate of recovery in the US and one that might require further US Fed stimulus. Most of the Treasury gains were concentrated toward the long-end of the yield curve as traders reduced prospects for a hike in short term rates. Meanwhile, trading volume was quite a bit below average as Europe remained on holiday. Some traders indicated that the Treasury market also faced conflicting headwinds in the week ahead, with the Fed buying-back debt as part of Operation Twist and the US Treasury conducting $66 billion in auctions for 3 and 10-Year Notes and 30-Year Bonds.

—–
*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Your email address will not be published.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