Interest Rate and Treasuries Market Recap

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 12th, 2012

Treasury prices spent most of the trade today in positive ground and for some that was surprisingly in the face of much better than expected US scheduled data flows. In fact, US initial claims fell significantly and in the process that economic measure fell down to the lowest level since March of 2008. In other words, the Treasury bulls weren’t put off balance because of US data and that in turn would seem to suggest that the primary driving force behind the upward bias in Treasuries is concern for growth outside of the US or perhaps the bulls are holding fast to European debt concerns. Today’s 30-Year Bond auction was met with strong demand and registered a record low yield of 2.58%.
*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Your email address will not be published.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 |