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

Bloomberg Customers

Markets & Finance

Treasuries Soar on a Flight to Safety

It was an "inside day" for Treasuries Monday, which carved back about half of their post-payrolls losses from a more volatile Friday. News that India and Pakistan were constructively working on their differences and that India re-opened its airspace to Pakistan set up a notable curve flattener. This was likely a bi-product of all the speculative steepeners put on thanks to the Kashmir crisis.

Energy prices and gold also had a weaker session, which suggested that the safety premium was being reduced as well. With no data to speak of and a couple of comments from Fed speakers, dealers were prepared for a quiet session.

But, the Justice Department belatedly disclosed that a terrorist planning a dirty radiological bomb plot was arrested back on May 8, though that date never appeared in the more inflammatory headlines. Stocks initially rolled over and played dead, but recovered their equilibrium by session end.

The September bond popped to 101-12 on the headlines, but closed up 13/32 at 101-06 after the details were disseminated. The front-end fared relatively poorly as steepeners were unwound, with the two-year note and 30-year bond spread closing three basis points tighter at +249 basis points.

blog comments powered by Disqus