gnutrade.satya
Senior Member
Cash: $ 48.60
Posts: 220
Joined: 06 May 2009
Location: Hyderabad
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| European Bonds and US Treasuries |
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Treasuries ended on a high note as US Stocks boosted demand for the government debt before a record-tying auctionof three-year notes of woth $40 billion. David Ader, head of government bond strategy at Stamford, Connecticut-based CRT Capital Group LLC said: “To know that asset sales are not yet in the cards has brought some relief to the Treasury market. “The auction will be the theme of the day. The three-year note usually generates a lot of foreign interest and should come down well.”
Ten-year yields decreased 3 basis points to 3.69 percent.
Disappointing corporate earnings took stocks lower and this took the german bunds to a new height. And adding to this, Fitch Ratings said it may cut Portugal’s credit rating, stoking demand for the safest assets. Wilson Chin, a fixed-income strategist at ING Groep NV in Amsterdam said: “Stock markets are a bit down and Fitch came with some news about the periphery. That caused a 'flight to quality.'"
The yield on the 10-year bond fell three basis points to 3.13 percent.
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