Mid-Session Interest Rate Market Report
Wed 08 Aug 2012 11:09:00 CT
Related Keywords: Interest Rates
US Treasury markets reversed early morning gains ahead of today's $24 billion 10-Year Note auction. September Bonds traded higher during the initial morning hours, supported by renewed concerns over the European debt situation and rising borrowing costs in Spain. This morning's German Bund auction showed solid demand, suggesting that there remained concern in the market over Europe. US economic data earlier showed US second quarter productivity coming in better than expected, but that only had a minor impact on Treasury prices. Prices across the curve broke down into new low territory on the session as they began to price in a concession ahead of the 10-Year Note auction.

View All Market Commentary

*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.

 
 
 
 
Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo
  • © 2013 CME Group Inc. All rights reserved.
  • CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of five Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, COMEX and KCBT.