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.

August 15th, 2012

September 30-Year Bonds traded sharply lower throughout the session, falling to its lowest level since May 17th. Treasury markets came under pressure during the early Asian trade as they reacted to yesterday’s favorable US retail sales figures. This pushed September 30-Year Bonds below last week’s low of 147-10 and appeared to trigger a round of stop-loss selling. Prices managed to recover heading into the first tier of US economic data, which highlighted benign consumer inflation and weaker than expected manufacturing activity in New York. However, gains were shallow and prices reversed into new low on the session following the second wave of US economic readings. The latest round of upbeat economic data appears to have reduced the prospect of more Fed quantitative easing at their September meeting. Some traders also pointed to a very active flow of corporate issuance as another force pressuring Treasury prices lower. In an interview later in the session, Dallas Fed President Fisher reiterated his stance that providing more monetary stimulus would not lower unemployment levels.

*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

Mesch Market Outlook



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Your email address will not be published.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 |