US treasuries settled in minor positive territory responding to the risk off sentiment seen across equity markets. With little in macro terms to drive the treasury prices direction was derived mainly from an atmosphere of uncertainty amongst investors as market participants await further commentary on the fiscal cliff. Outperformance can be seen in the longer end of the curve with 10y’s recovering from yesterday after a move to the downside following a lacklustre 30y auction. Resistance was seen in 10y’s move to the upside at the 132.28 pivot level. At the pit close t-notes finished at 132.25+, up 1+ ticks.
14 Dec 2012 - 21:06 - - Source: RANsquawk
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