Mid-Session Interest Rate and Treasuries Report

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July 13th, 2012

US Treasury markets trended lower throughout the morning hours, weighed down by a shift in sentiment that tamped down the recent safety bid. Overnight Chinese growth data came in line with expectations, and that was seen by some traders as a positive could prompt more stimulus. US equity markets rallied throughout the morning hours and this morning’s Producer Price index reading showed an unexpected gain in June. Both of these factors served to pressure a technically overbought market lower. There was data on US consumer sentiment that came in lower than expected, and that helped September 30-Year Bonds recover from their worst level of the session.
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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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