T-notes finished the session flat following relatively muted trade. Treasuries opened higher at the beginning of pit trade as jitters about Greece and the vote this Sunday gained attention. As equity markets gained a foothold to the upside there was a turn in sentiment for treasuries and this was supported by the stronger than expected Michigan confidence figure. Into the press conference from president Obama there was some further selling as profits were taken and a move back to flat as markets did not take Obama's comments too optimistically. At the pit close t-notes finished at 133.29, up 1+ ticks.
09 Nov 2012 - 14:10 - Fixed Income - Source: RANsquawk
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: