Mid-Session Interest Rate Market Report
Fri 08 Mar 2013 16:31:00 CT
Related Keywords: Interest Rates
US Treasury markets trended higher throughout the morning hours, fueled by fresh safety demand on the back of a jump in Spanish government Bond yields. Perhaps some of the added weakness in Spain debt comes ahead of this week's debt offerings as well as their struggling fiscal situation. Some traders were concerned over weakness in Europe and that a further slowdown in growth there could have negative consequences for US growth prospects. As a result, yields on the US 10-Year Note remained under 2.0%, falling to their lowest level in five weeks. This morning's US economic data showed March retail sales coming in better than expected, but that did little to stall the safety bid in the Treasury market.

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