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 12th, 2012

US Treasury markets trended higher during the early morning hours but reversed course after this morning’s wave of US economic data. The early lift in prices came in the wake of this morning’s Italian government bond offering that produced yields more than 100 basis points above mid-March levels. June 30-Year Bonds climbed to their best level of the morning in response to a larger than expected increase in weekly jobless claims to their highest level since January. Meanwhile, US equity markets turned higher and were up around 1.0% in later morning hours, and that served to reduce safe-haven demand for US government debt. There were also some concerns among traders that the recent decline in 30-Year Bond yields could have an impact on demand at today’s $13 billion auction.

—–
*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Your email address will not be published.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