Thursday, February 23, 2012


Treasury prices are giving up some of yesterday's gains as better than expected economic news from Germany has sparked some selling. 

Today's economic calendar is fairly benign with weekly jobless claims followed by the FHFA housing index.  The claims report produced slightly better than expected result showing an unexpected dip of 340k in continuing claims. 

Currently, the 10yr yield is at 2.040% (2.045% Wednesday) and the 2-10 yield spread is at 174bps, unchanged since yesterday morning.

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