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IR and Treasuries Market Report
Fri 10 Feb 2012 15:27:00 CT
Related Keywords: Interest Rates
Related Keywords: Interest Rates
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The Treasury managed to extend on the upside today in the wake of a renewed Greek debt concerns, slack US data and noted weakness in the equity markets. Perhaps the market took Bernanke comments regarding the importance of US housing as a bullish development but other comments from the Fed Chief regarding the US seeing a moderate recovery should have dampened the impact of the Fed statements today. With the Chinese news overnight depicting slowing and US consumer sentiment a touch weaker the bull camp simply had more arguments than the bear camp. In fact, the bulls were probably seeing a noted amount of classic technical stop loss buying when March bonds managed to rise above the prior two days highs.
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