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.
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.
*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: