USTs finished today’s session broadly flat after trading in a tight range throughout most of the day. Treasuries were lower in the early part of the session with a lack of newsflow regarding further escalation in both Russia and Israel weighing on safer assets. However, at the pit open there was said to be real money buying, particularly in the belly of the curve amid a chunky corporate slate, with 5-year issuance from UBS, CBS and Prudential. With a lack of tier-1 data and Fed speak, markets were relatively directionless although as stocks pulled off their best levels after the Wall Street open, Treasuries pushed higher with the Ukraine military spokesman saying that Russia was continuing to amass troops on the Russia/Ukraine border. At the pit close T-notes settled at 125.29+, down 1+ ticks.
Print 19:04, 11 Aug 2014 - Fixed Income - Source: RANsquawk
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