Treasuries finished the pit session with gains having been supported by several factors. Firstly, the US industrial production data was disappointing and the the flight to safety was most pronounced in the belly of the curve. The in-flows to t-notes were also helped by the ongoing violence in the Middle East and the hinting of negative deposit rates by ECB's Bonnici. The surge in stock markets after the optimistic comments from the Congressional fiscal cliff press briefing did put some pressure onto t-notes but this was not sustained as concrete steps have yet to materialise. At the pit close t-notes finished at 134.06, up 5 ticks.
17 Nov 2012 - 01:00 - - Source: RANsquawk
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