T-notes fell from the open with the move to the downside exacerbated after a lacklustre 30y note auction. The slip lower was initially observed following sell side pressure at the open, participants applied further pressure as investors closed positions after the FOMC rate decision yesterday. Under performance is seen in the 10y today with the long end recovering following under performance yesterday. The move lower was accelerated after going through the 133.00 handle, at the pit close T-notes settled at 132.23+, down 10+ ticks.
Print 20:11, 13 Dec 2012 - Fixed Income - Source: RANsquawk
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