News Headline Summary


T-notes finished the session in negative territory, initially opening down sharply following the increased optimism in the European markets given the easing in the Eurozone debt concerns. Participants established that progress has been made with Greece, as the country is moving ahead on its debt buybacks. Elsewhere, Spain requested a bailout for its banks and are expecting the funds for the recap around mid December. The losses in the US 10-yr were tempered by the weaker than anticipated US ISM Manufacturing data, with focus also on the lagging employment component, which comes ahead of the key Non-Farm Payrolls data on Friday. Finally T-notes settled at 133.150 down 5+ ticks.

Print 20:04, 03 Dec 2012 - Fixed Income - Source: RANsquawk