Mid-Session Interest Rate Market Report
Tue 04 Sep 2012 11:11:13 CT
Related Keywords: Interest Rates

US Treasury markets trended higher during the morning hours, supported in part by a round of weaker than expected economic readings. While early weakness in the market came on talk that the ECB could target more bond-buying at this week's policy meeting, weaker than expected US construction orders and a third consecutive month of contraction in the US manufacturing sector fueled a modest rebound in December 30-Year Bonds. Some traders noted that hopes for more ECB bond buying earlier could leave the market vulnerable to disappointment. A further sell off in global equity markets this morning seemed to attract more flight-to-quality buying in US government debt.


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