T-notes finished the session in minor negative territory, following better data out of the US. The number of people in America claiming unemployment had dropped for the week to a five-year low. Strength in the equity markets also undermined treasury prices, as the S&P 500 cash rose above 1500 for the first time since late 2007. In terms of the 10-yr TIPS auction, strong demand was observed with the yield tailing marginally by 0.15BPS, overall limited reaction but a small move higher was observed in the 10s BE. T-notes settled at 132.08 down 1+ ticks.
24 Jan 2013 - 20:05 - - Source: RANsquawk
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