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 27th, 2012
The Treasury market started off marginally higher but as the session progressed, the bull camp seemed to gain the upper hand. With the Texas Fed readings soft and a lot of talk of a hard landing in the Chinese economy, the Treasury bulls were probably able to discount a portion of the gains in the US equity markets. All things considered it would seem like slowing fears outside of the US might be growing as the primary driving force of the bull camp. Some traders were supposedly buying in anticipation of the Jackson Hole Fed meeting later this week, as recent Fed dialogue has mostly telegraphed the prospect of movement from the Fed.
*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