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.

July 9th, 2012

September 30-Year Bonds broke out to their highest level since June 6th this morning, supported by fresh safety demand, more evidence of a slowing global economy and anticipation of another EU meeting. Yields on Spanish government debt climbed back above the 7.0% level, and that seemed to inject further movement away from risk assets into the US Treasury market. Some traders also indicated that the weak US labor market data Friday and slower than expected inflation in China gave central bankers more scope to provide further monetary stimulus, and that could be offering another source of support to the Treasury market.

—–
*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

 

 

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Your email address will not be published.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