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 Advance

Treasuries Monday continued to wrestle back some of Friday's lost ground following payrolls and resignation-inspired volatility. The designation of new Treasury Secretary Snow from the industrial/railway ranks did little to restore stock market confidence per se, with chunky 1.75-3.25% losses today.

Treasury yields declined and prices picked up, following the wayward lead of stocks, which were knocked by the analytical downgrades of IBM and Qualcomm, as well as the fallout from UAL's bankruptcy and concerns about weather-stymied holiday sales.

There were reports of light curve activity in favor of the belly, with a FIT (5s for 10s) buyer and some leveraged and system account positioning on bonds. The March bond closed up 19/32 at 109-26, while the two-year note and 30-year bond spread closed virtually unchanged at +309 basis points.

President Bush heralded the Treasury appointment with the call for a fresh focus on reviving economic growth, seemingly alluding to upcoming stimulus/tax cut plans. Dollar policy remained opaque, with the Treasury understandably declining to say whether it had been altered. The lack of data today and approach of a likely bland FOMC meeting Tuesday otherwise kept trading volumes at low ebb.

blog comments powered by Disqus