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 Finish Higher

Treasuries finally blew out their range top Wednesday to the highest price levels and lowest yields since late February. The catalyst was certainly neither the data nor events, which were absent, but the latest earnings woes on Wall St and the flood of risk aversion that accompanied more bombings in Israel and the predictable response.

Though gains were substantial across the curve, steepening continued to prevail in the wake the cancelled 2-year auction announcement. The bearish tone on equities was set by warnings late Tuesday from tech stalwarts Oracle, AMD, Apple and Ciena, and shares never really recovered--closing down 1.5-3.0%.

The September bond made the most of these doubts, closing 1-4/32 higher at 104-10, while the two-year note and 30-year bond spread widened four basis points to +261 basis points. There was some lingering talk of a Fed ease, which had surfaced Monday in a research report and Dec euro$ set fresh contract highs of 97.66 enroute to the next key 97.75 psych resistance.

The trade-weighted dollar index tumbled below 110 to the lowest level in 17-months. Rumors continued to swirl that a large bond fund was buying euros and bolstering its European portfolio.

blog comments powered by Disqus