EmailBond Market Update
The market at 11:53 ET
| 10-Year: +18/32....%.... GNMAs: .... USD/JPY: 78.61.... EUR/USD: 1.2633 |
Moving the Market
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Empire Manufacturing: Actual 2.3, consensus 13.5, prior 17.1 Net Long-Term TIC Flows: Actual $25.6B, prior $36.2B Industrial Production: Actual -0.1%, consensus 0.1%, prior 1.1% (revised 1.0%) Capacity Utilization: Actual 79.0%, consensus 79.1%, prior 79.2% Michigan Sentiment: Actual 74.1, consensus 77.0, prior 79.3 |
Treasuries Slip Off Highs
15-Jun-12 11:53 ET
10-Yr: +18/32..1.578%..
USD/JPY: 78.61..
EUR/USD: 1.2633
Slipping: Treasuries are off their best levels but continue to hold solid gains as equity markets trade near their highs. Weak economic data here in the U.S. has the complex bid as worries of an economic slowdown mount. Today’s buying has yield 5-yrs out and longer down at least 5 bps as the 10-yr holds near 1.585%. Action continues to be led by the long bond which is now up just more than one point after trading up almost one and a half points earlier. A flatter yield curve has taken hold as the 2-10-yr spread trades tighter at 128 bps. Precious metals remain bid with gold at $1628 and silver near $28.60. 
