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8/25/10 |
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Intermediate and long Treasuries pushed sharply higher on Tuesday, leaving the 2-year yield at a new low and the curve another 10 basis points flatter. The rally was kicked off by an extremely weak report on Existing Home Sales, which rekindled fears of economic weakness. The rally in 10s pushed its yield below the 2.50% level for the first time since January 2009. The rally left MBS in the dust; the entire sector decisively underperformed Treasuries by 6-10 ticks. |
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8/24/10 |
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Treasuries ended modestly higher on Monday in a fairly quiet session. The 10-year bounced around the 2.60% level, eventually closing right at 2.60%, while the 2-year ended the day a basis point or so lower in yield. This left the yield curve (2-10s) a basis point or so flatter, while 5s were the best performer on the day. |
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8/19/10 |
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8/18/10 MBS Closes are available at the link below: |
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8/20/10 |
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Bonds rallied on Thursday after a spate of weak economic numbers. In addition to a spike in jobless claims, a very weak Philly Fed report highlighted the weakness in manufacturing, which had been a driver of the recovery. Gains were led by the 10- and 30-year, with 10s pushing back to the 2.57% level which has marked the lows in yield thus far. |
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8/18/10 |
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Treasuries sold off on Tuesday, led by weakness in intermediate and long maturities. The 10-year was the worst performer on the day, with its yield rising to 2.63%, an increase of 7 basis points. The 2-year, by contrast, only gave up about a basis point. |
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