Mid-Session Interest Rate and Treasuries Report

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August 27th, 2012

US Treasury markets rallied throughout the overnight and morning hours, fueled in part by weaker than expected German business climate data, as well as hopes that the Fed will offer more hints for quantitative easing in Jackson Hole later this week. September 30-Year Bonds rallied throughout the US morning hours and challenged Friday’s high. Some traders also indicated remarks from Chicago Fed President Evans earlier this morning in Hong Kong, in favor of more aggressive bond buys to bring down US unemployment, might have lent support to Treasury prices.
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