US treasuries ended the session lower due to the general risk appetite which was prevalent throughout the day due to hopes of a US fiscal cliff deal by year-end. The 10y yield is back to the 1.600% level with steepening observed in the curve as the shorter end slightly outperformed today. There was some late dip buying into the pit close as well as touted short covering ahead of the speech from Fed chairman Bernanke tomorrow. At the pit close t-notes finished at 133.29+, down 8+ ticks.
19 Nov 2012 - 20:03 - - Source: RANsquawk
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