T-notes finished the session in minor positive territory after receiving a small boost at the open following some risk-off trade that was observed in the commodity complex, with Spot Gold dropping below the USD 1700 level. Overall, volumes have remained thin heading towards the Christmas holidays and as fixed income players continue to await further developments on the US fiscal cliff, with the talks currently at a stalemate. The latest commentary on the debt talks came from the House Speaker Boehner noting that Obama's plan could not pass either House of Congress, however had limited influence on treasuries given these comments are nothing new from the US speaker. At the pit close t-notes settled at 133.19 up 4 ticks.
04 Dec 2012 - 20:13 - Fixed Income Bank Speaker - Source: RANsquawk
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