T-notes settled the session with a net loss of 7 ticks at 133.12+ after the US Treasury announced that it is to sell USD 99bln in 2, 5 and 7y notes next week and as market participants continued to speculate that a solution for Greece will soon be found. TIPS auction by the US Treasury attracted modest demand, but drew a small tail, with B/Es consequently reversing the richening trend observed in the 10y sector over the past several sessions. Price action was range bound in the closing stages of the session ahead of the market holiday in the US on Thursday.
21 Nov 2012 - 20:03 - - Source: RANsquawk
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