T-Notes moved higher following worse than expected US GDP although quickly retraced the move and traded range-bound heading into the FOMC announcement. A bid-tone was seen in t-notes following the FOMC after there was no indication of when the current QE programme was due to come to an end with some market participants hoping for further developments at this meeting. Since the initial move higher, T-notes ticked lower and at the pit close T-notes settled at 131.05+, down half a tick.
30 Jan 2013 - 20:09 - Fixed Income - Source: RANsquawk
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