Mid-Session Interest Rate and Treasuries Report

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July 3th, 2012

US Treasury markets trended lower during the morning hours, weighed down by a rebound in risk-taking sentiment. There appears to be a growing chorus in the market that the recent string of poor economic data could prompt major central bankers to bolster growth. September 30-Year Bonds broke down to their low of the morning in response to May US Factory Orders that showed a larger than expected gain. Some traders suggested that the weakness in the Treasury market might have also come from profit-taking after yesterday’s gain. They also indicated that trading volume was slow ahead of an early close and observance of the Independence Day holiday tomorrow.
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