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 26th, 2012

September 30-Year Bonds came under heavy selling pressure during the early morning hours, pressured by comments from ECB President Draghi vowing to support the Euro. Some traders took the comments as an indication that the ECB might be close to another round of asset purchases. The comments fueled risk-taking sentiment, which tamped down safety demand for Treasuries. Further pressure in the Bond came from a pair of US economic data points this morning that came in better than expected. Today’s 7-Year Note auction wrapped up this week’s issuance and recorded another record low yield. September 30-Year Bonds stabilized throughout the remainder of the session, perhaps in preparation of tomorrow’s second quarter GDP data..
—–
*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Your email address will not be published.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