Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Markets & Finance

Treasuries Finish in the Red


Treasuries were all over the place. They opened lower on the back of follow-through selling from the overnight session, and moved back up by midday on the news that Israel bombed two sites in southern Lebanon and as stocks sold off despite strong earnings news. They finished lower.

Retail added to the pressure early on, with reports of retail sales of intermediates out to bonds. Much of the flow, though, was linked to the unwinding of profitable curve flattening trades. However, in the Eurodollar pit, it was hedge funds who were the steady sellers for much of the session in the front month contracts, while swappers, who had been early buyers, turned sellers in the back months.

But as the lows held and stocks headed south, the bid returned. The Israel bombing also helped lift prices. But once the buying dried up, fresh selling was steady into the close.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus