T-notes finished the session in minor positive territory, following an extremely light session in terms of volumes as participants look forward to the key Non-Farm Payrolls data. Some minor gains were added to the US 10-yr in the early part of trading as ECB's Draghi noted at the press conference that he foresees weaker economic growth in the Eurozone for 2013 and noted the idea of negative deposit rates was discussed which provided a bid to both the short and long-end of the European fixed income assets and rubbed off onto US treasuries. The US 10-yr is likely to remain in a tight range, as participants eagerly await Non-Farm Payrolls. T-notes settled at 133.28 up 2+ ticks.
Print 20:06, 06 Dec 2012 - Fixed Income - Source: RANsquawk
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: