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Bond Markets Tiptoe into Postivie Territory After Quiet Overnight Session
Posted to: Micro News
Wednesday, September 04, 2013 9:21 AM
Asian Trading hours saw a modest amount of weakness for Treasuries with 10yr yields rising from 2.86 to 2.88. This ended up being the range for the rest of the overnight session despite stronger economic data during European hours.
Treasuries hit the domestic session in just slightly weaker territory, but a modest rally was underway even before the Trade Deficit data. That said, the data had a small positive impact.
10yr yields are down to 2.854 and Fannie 4.0s are up 3 ticks to 102-26 after opening down 2 ticks at 102-20. There is no more significant data on the calendar today.
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