Interest Rate and Treasuries Market Recap

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July 9th, 2012

Treasury prices forged another distinct upside breakout today as a combination of ongoing global slowing fears, persistent European debt issues and bearish equity market action gave the Treasury bulls a distinct flight to quality vibe. While the US scheduled data wasn’t 1st or 2nd tier data, the Conference Board employment figures did suggest some slowing of the US economy. While the Treasury market might has seen some hold back from rising food inflation fears, the trade might have seen some inflation fears tamped down in the wake of Chinese inflation readings that were released overnight.
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*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
Emerging Offshore Chinese Renminbi Market

 

 

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