Thursday, February 2, 2012


Treasury prices are mostly unchanged this morning as markets wait for further developments from Europe.  Things seem to be on hold as the EU is apt to wait for an outcome of Greek debt discussions before moving forward with a new strategy. 

Today's economic calendar is fairly tranquil ahead of tomorrow's NF payroll report.  The weekly jobless claims report showed slightly better than expected results in both initial and continuing claims. 

Currently, the 10yr yield is at 1.826% (1.807% Wednesday) and the 2-10 yield spread is at 160bps, 1bp steeper since yesterday morning.

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