US treasuries moved higher today, tracking bunds after a more dovish than expected tone from ECB’s Draghi who said the ECB’s monetary policy stance will remain accommodative for as long as needed. A disappointing US jobless claims report which saw initial claims climb to the highest level since the end of November saw further upside moves higher in T-notes, as the 30y yield broke below 3% for the first time since end of January and fast money buying consequently pushed the 10y yield to a three month low at 1.7557%. At the pit close T-notes settled at 132.27, up 13+ ticks.
04 Apr 2013 - 21:04 - - Source: RANsquawk
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