News Headline Summary

US FIXED INCOME WRAP

Treasury markets finished higher on the session as the dominant theme remained safe haven buying due to ongoing concerns regarding the fiscal cliff. The downbeat comments from Senator Reid late in the pit session pushed t-notes to session highs with the smooth 2y note auction also helping keep yields lower across the curve. There was a slight dip in prices earlier in the session due to US durable goods and consumer confidence data both beating expectations but this only encouraged bargain hunting, especially as there is only purchase operations scheduled by the Fed this week. At the pit close t-notes finished at 133.23, up 5+ ticks.

Print 20:05, 27 Nov 2012 - Fixed Income - Source: RANsquawk