T-notes finished in some solid positive territory as concerns were raised regarding the potential lack of progress that could stem from this week’s upcoming summit for EU leaders to achieve working solutions to ease Europe's debt woes. EU Peripheral bonds suffered on the weakness of the Spanish banking system ahead of an expected downgrade from Moody’s. Hedge fund names and real-money were both noted bidders on the CBOT open, with talk of asset-allocation trades out of equities and into bonds cited as a factor behind the move higher in 10y note futures. At the pit close, t-notes settled at 133.18, up 18 ticks.
Print 19:02, 25 Jun 2012 - Fixed Income - Source: RANsquawk
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: