News Headline Summary

US FIXED INCOME WRAP

Pre-market, T-notes took their cue from Bund futures as concerns surrounding Italy prompted risk off sentiment for much of the European session. A middling 5y auction assisted T-notes further despite yields coming slightly higher than expected and bid/cover slightly lower as dip-buying prevented any steep moves lower. Nonetheless T-notes have come off the best levels of the US session as equities regained traction following the steep losses yesterday. At the pit close T-notes settled at 132.21+, up 5+ ticks.

Print 20:07, 26 Feb 2013 - Fixed Income - Source: RANsquawk