Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Treasuries Move Lower

Ten-year and 30-year Treasuries traded solidly lower due to mortgage backed sellers. The note initially slipped as stocks rallied, but the then Treasuries rebounded off their lows on weaker than expected consumer confidence figures and a rumor -- later denied -- that U.S. troops were in Iraq. However, with significant event risk with Federal Reserve Chairman Greenspan's testimony before the House Banking Committee tomorrow, late afternoon position squaring weighed heavily on the note.

The market's perception is that the economy is improving, and traders won't need to hedge as much against lower rates. Most observers see higher rates ahead.

Meanwhile, the Fedchief's testimony tomorrow is expected to be stock market friendly. Several analysts don't think the Fed will tighten anytime soon even if the economy is strong in first half of year. Many are worried about a second half slowdown.

blog comments powered by Disqus