Treasuries Mixed

Treasuries were mixed on Wednesday, with long-dated treasuries performing slightly better; the market is bracing for economic data tomorrow

Long-dated Treasuries were up slightly on Wednesday as investors await December durable goods orders and weekly jobless claims Thursday, says MarketScope. Treasuries were higher at noon ahead of the $24 billion 2-year not auction. However, after disappointing results, treasuries reversed, with hedging, vs. a couple more deals also weighing. The market is also bracing for the Fed policy meeting next week, Feb. 1 to 2, where the FOMC is expected is raise rates 25 basis points.

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