3:39 pm - Treasuries Slip in Choppy Trade: Treasuries ended near session lows amid a choppy trade as the government shutdown had little impact on action. The complex opened in the red and held there throughout the session as trade was limited to a tight range. Some light selling surfaced following the release of the better than expected ISM Index (56.2 actual v. 55.0 expected), but overall the weakness was a footnote in the uneventful session. Yields across most of the curve climbed 3 bps with the 10-yr ticking up to 2.646% to close atMore...
Sep 24 2013 - Rate Brief
The 10-yr yield nicked 3.000% in overnight trade back on September 5, but failed to do so during the cash session. The benchmark yield has been in a steady decline since, aided by the Fed's decision to delay the tapering of its bond-buying scheme. A recent bid has pushed the 10-yr yield below 2.700% support that is helped by the 50-day moving average, and now has traders focused on closing the August 12/13 gap. Doing so would set up a move into the 2.600% region, the final level of support before the ever important 2.450% area. Recent action is notableMore...Oct 1 2013 - Rise in Rates, Debt Ceiling Debate Put Tapering on Hold
Fed Keeps Purchase Program at $85 bln