EmailBond Market Update
The market at 15:49 ET
| 10-Year: +1 11/32....1.720%.... GNMAs: .... USD/JPY: 76.30.... EUR/USD: 1.3475 |
Moving the Market
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Initial Claims: Actual 423K, consensus 418K, prior 428K (revised 432K) Continuing Claims: Actual 3727K, consensus 3730K, prior 3726K (revised 3755K) FHFA Housing Market Index: Actual +0.8%, prior 0.9% Leading Indicators: Actual 0.3%, consensus 0.1%, prior 0.5% (revised 0.6%) |
Treasuries See Historic Rally
22-Sep-11 15:49 ET
10-Yr: +1 11/32..1.720%..
USD/JPY: 76.30..
EUR/USD: 1.3475
Historic Day: Today was another historic day for the Treasury complex as yields in all but the 30-yr tumbled to record lows on global growth fears and the European sovereign debt crisis. The 10-yr yield briefly slide below 1.70% before ending the day at a record low close of 1.715%. A gain of more than four points in the long bond was responsible for its yield plunging 25 bps to 2.786% and to its lowest level since January 2009. The 30-yr yield is now just more than 25 bps above its all-time low of 2.519%. Severe flattening of the yield curve saw the 2-10-yr spread tighten 17 bps to 150.5 to its flattest level since January 2009. Meanwhile, precious metals will finish near their worst levels with gold at $1734 and silver near $35.80. There is no data on Friday. The Fed’s Permanent Open Market Operations continue with the buying of $0.50-1.25 bln worth of 2021-2041 maturities. 
