Mid-Session Interest Rate and Treasuries Report

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July 23th, 2012

Prices across the US Treasury curve climbed to new record highs this morning, boosted by flight to quality buying amid renewed European debt concerns. Ideas that Spain may require more bailout funding and world powers might be closer to cutting off aid to Greece weighed on macroeconomic sentiment. Some traders indicated that hopes that the US Fed might offer up more financial support was viewed as positive force for prices. After breaking out above the 153-00 level this morning, September 30-Year Bonds have pulled back to the mid range of the session.
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