News Headline Summary

US FIXED INCOME WRAP: T-notes erase gains as U.Michigan confidence beats expectations & less-dovish than expected comments from Fed Stein; Settles 126.18, down 3+ticks

US Treasuries fell pushing the 10y yield back above 2.50% weighed by better than expected U.Michigan confidence reading and comments from Fed’s Stein that were less-dovish than those heard from other Fed speakers in recent days. Soft Chicago PMI data helped steady the moves lower in T-notes. Trading remained thin as participants closed their books for the month/quarter end. Under performance was observed in the long end today blamed on 30y swap paying with chatter of FX-linked paying in the 30y as USD/JPY breached the 99.00 handle.

28 Jun 2013 - 20:00 - Fixed Income Data - Source: RANsquawk

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