13 Dec 2013
Flash: US Treasuries fall on taper expectations - UOB Group
FXstreet.com (Barcelona) - Market Strategists at UOB Group note that US Treasuries fell as the rise in November retail sales buoyed December tapering expectations.
Key Quotes
“Thursday’s session ended with the 2/10 spread above 255bps - the yield on the 10-year Treasury bond and the 2-year Treasury note settling at 2.88% and 0.32% respectively.”
“The $13bn long bond reopening came at 3.900% with a bid/cover of 2.35, an indirect bid of 46%, a direct bid of 12.5% and non-comps of $5.0mn. This bond auction followed a poor $21bn 10-year note sale on Wednesday and a solid $30bn three-year note auction on Tuesday.”
“The supply wave will continue next week when the US Treasury will sell $32bn in two-year notes, $35bn in five-year debt, $29bn in seven-year notes and $16bn in five-year Treasury Inflation-Protected Securities.”
Key Quotes
“Thursday’s session ended with the 2/10 spread above 255bps - the yield on the 10-year Treasury bond and the 2-year Treasury note settling at 2.88% and 0.32% respectively.”
“The $13bn long bond reopening came at 3.900% with a bid/cover of 2.35, an indirect bid of 46%, a direct bid of 12.5% and non-comps of $5.0mn. This bond auction followed a poor $21bn 10-year note sale on Wednesday and a solid $30bn three-year note auction on Tuesday.”
“The supply wave will continue next week when the US Treasury will sell $32bn in two-year notes, $35bn in five-year debt, $29bn in seven-year notes and $16bn in five-year Treasury Inflation-Protected Securities.”