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 in the Green

Treasuries finished in the green Thursday, but off their highs, after wrapping up the last leg of the $58 billion quarterly refunding. The curve continued to flatten in deference to the Fed's concerns about deflation. Fed Governor Bies voiced concern about a lack of vigorous pickup in business spending, Greenspan was a little more equivocal on derivatives, and the March-18 FOMC minutes warned about disinflation for "the next few quarters."

When the $18 billion 10-year auction just got too rich and failed to live up to expectations, the subsequent correction was brief and shallow, thanks to lingering Fed concerns. The 28,000 drop in jobless claims, to 425,000 had little negative impact, since it marked the 12th consecutive week above 400,000. After the ECB and MPC held rates pat, subsequent sharp 3-4% declines in European indexes weighed on Wall Street and helped sustain the Treasury bid.

The June bond closed up 13/32 at 116-09, while the 2-year note and 30-year bond spread narrowed another 3 basis points to +323 basis points. Swap and agency spreads tightened sharply on the dovish Fed outlook and WI roll from the refunding issues. As the dollar marked fresh four-year lows, gold nearly topped $350/oz for an $8 gain on the day. Japanese bank demand for dollars from 116 yen lows propped up the pair.

blog comments powered by Disqus