Morning Interest Rate Market Report
Fri 08 Mar 2013 16:31:00 CT
Related Keywords: Interest Rates

The Treasury market remains within close proximity of last week's highs during this morning's early trading action, which some traders find surprising considering the initial strength in US equity markets. However, the marketplace remains concerned toward the peripheral debt situation in the Euro zone as well having some residual fears that the pace of US economic growth has begun to slow. Initial strength in US equities, expectations of a slight rise in the US Retail Sales figures and hopes of positive earnings news from the US banking sector early today may be serving to limit the early support for Bond and Note prices this morning. While the US retail sales report is widely expected to post a minor gain this morning, the rest of the scheduled US data could potentially rekindle economic slowing concerns again with a private survey of US housing, the NY Fed's Empire State manufacturing reading and a Business Inventories report. Some traders feel that Treasuries will be affected by further evidence of slowing and that it could take definitively upbeat economic news just to alter the current positive sentiment for Treasury prices.

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