T-notes pulled off session highs hit in early trade following the pit open with CTA buying, aided by disappointing Empire Manufacturing data. After the open the 10yr yield fell below 1.81% although finished shy of 1.83% after equity markets recovered early losses, drawing flows away from FI. Today’s Fed POMO bought in the belly, purchasing USD 0.927bln in Feb'23 - Feb'31 which saw out-performance in this sector although 10s pulled off following the operation. At the pit close T-notes settled at 132.08+, up 7+ ticks.
16 Jan 2013 - 07:03 - Fixed Income - Source: RANsquawk
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