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Saturday, 27 July 2013

US TSYS: Treasuries still continue in the narrow higher price range, as market...

US TSYS: Treasuries still continue in the narrow higher price range, as market

slumbers into the weekend, with eyes however peeled in case of a potential  German sovereign ratings downgrade, but so far no such downgrade came out.  Traders expected that macro funds still needed to cover shorts. US 10-year note  is at 2.564%, 2-year is at 0.313%. Traders noted copper prices are being hurt  with the copper price off 2.65% on the day and natural gas, coffee, silver and  aluminum and crude oil also weaker. "Copper has rolled over," toward the  downside, said one trader. US stocks indexes are mildly lower
  

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