T-notes settled in negative territory for the day with talk of asset allocation out of fixed income and into equities, as overnight comments from Fed's Yellen on maintaining the Fed's low-rate policy until 2014 boosted risk appetite. In terms of the 30y note auction, the event went better than many desks expected, the yield stopping on the WI and decent buy-side demand, this say a brief move to upside in 30y futures on touted short-covering. At the pit close, t-notes settled at 131.05, down 5+ ticks.
Print 19:05, 12 Apr 2012 - Fixed Income - Source: RANsquawk
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