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Recap Interest Rate Market Report
Fri 08 Mar 2013 16:31:00 CT
Related Keywords: Interest Rates
March 30-Year Bonds rallied throughout the trading session and marked a 5-day high in the process. Meanwhile, the March 5-Year and 10-Year Notes failed to overcome their previous session high. Treasury bonds drafted support during the session from surging crude oil prices, which fostered concerns that higher energy prices could disrupt the latest "risk-on" rally and temper consumer demand. The market probably also drafted a measure of support from lingering uncertainty with Greece's ability to implement new austerity measures. The US Fed was in the market in the later morning hours and purchased around $2 billion in 25 to 30-Year securities, and that seemed to contribute to the day's gain.

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