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 19th, 2012

September 30-Year Bonds sold off during the initial morning hours as US equity markets rallied on positive corporate earnings. An uptick in US economic readings in previous sessions and sentiment shifts in equity and commodity markets led some corners of the market to believe the economic was recovering. The Bond market recovered from its morning low in response to larger than anticipated jump in Initial Jobless Claims and turned toward unchanged levels after disappointing US existing homes sales data. Some traders also suggested that this morning’s soft economic readings could bolster the chances for more Fed movement in offering more support.
—–
*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