Treasuries Finish Mixed
Treasuries finished mixed Thursday as benign inflation data was offset by data reinforcing economic rebound. So the Treasury curve contracted, amid profit taking. Major curve flattening bets added more pressure to the front end (shorter-dated issues). The break above 4% in the 10-year note triggered more selling. In addition, short covering ahead of the Philly Fed index and a sharp drop in the CRB index brought 10s nearly back to even. But the Philly Fed surge reversed course again, amid fresh selling. However, prices moved back up into the close, though with the curve ending flatter.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- This $14 Million Atlanta Home With Bunker Is ‘Safest in America’
- GE's New CEO Vows Sweeping Change After ‘Unacceptable’ Report
- These Cities Make NYC Housing Look Dirt Cheap
- Separatists Pledge to Fight On After Spain Moves to Oust Catalan Leaders
- The U.K.'s $86 Billion Pension Problem Is About to Solve Itself