T-notes settled in minor positive territory, opening higher on the back of weaker equity markets. However the strength attracted profit taking and downside pressure was observed, but the move was tempered by intensified risk off sentiment prompted by President Obama’s press conference on the debt ceiling with T-Notes retracing some of their losses. In later trade resistance was seen at Wednesday’s high of 132.04. Yields have decreased across the curve with outperformance seen in the belly particularly the 10y yield which declined by 1.8bps. At the pit close today T-notes finished at 132.01, up 2 ticks.
14 Jan 2013 - 14:02 - Fixed Income - Source: RANsquawk