Bloomberg the Company & Products

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

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Treasury Prices Gain


From Standard & Poor's Equity ResearchAction Economics (10/17/07 10:23 am ET): Treasury prices are jumping and yields slumping following earlier reports of a shift out of Bunds and into Treasuries, which got the ball rolling. Sources now report some light buy-stops being triggered on the Dec 10-year future after it crossed back above 109-00, reportedly tripping buy-stops from 109-02 to 109-05. That has coincided with the cash T-note yield diving back below 4.60% from 4.645% at the open. Sources also note that the curve has flattened again, with the 2s-10s back at +51 bp from +53 bp following the data, while the 2s-30s spread has narrowed toward +75 bp as well, so the move seems to be driven by the long-end after tame core CPI.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus