News Headline Summary


US treasuries settled in negative territory coming off session highs that were seen following the US Unemployment figure, this saw an upside move in treasuries due to Fed comments at Wednesday’s rate decision that they would continue the current programme of asset purchases until there was a significant improvement in the labour markets. The downside move in treasuries is attributed to deal related selling and LCH Clearnet lowering margins in Spanish and French Bonds, support was seen towards the end of the session at 130.30, Wednesday’s low. Underperformance has been observed in the long end today with the 5/30 yield gap hitting a 4.5 month wide. At the pit close T-notes settled at 131.04, down 5 ticks.

01 Feb 2013 - 20:04 - Fixed Income - Source: RANsquawk

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