Treasuries markets traded higher across the curve with significant gains seen in the belly as much of the price action was said to election related. There was touted unwinding of previous short positions as President Obama has polled stronger numbers in the key state of Ohio. There were also stops said to have been taken out to the upside from those positions that had set shorts ahead of the 3's, 10's & 30's supply this week. The 2's-10's spread tightened by approximately 3BPS as the 10y yield moved through 1.690% and the 100DMA is now eyed at 1.647%. However, volume overall was seen as light due to the thin economic calendar today with activity expected to pick up in the coming days. At the pit close t-notes finished at 133.05, up 12 ticks.
05 Nov 2012 - 21:02 - - Source: RANsquawk
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