Monday, February 6, 2012


Treasury prices are mostly unchanged this morning as the euphoria around Friday's payroll data wears off and focus shifts back to Greece debt concerns. 

This week's economic calendar is relatively tranquil with very little data scheduled to be released.  However, there are numerous Fed representatives scheduled to speak throughout the week, including two planned appearances by Chairman Bernanke (Tuesday and Friday).  With no data scheduled to be released today, markets will likely stay focused on Greek debt swap developments and Fed speak. 

Currently, the 10yr yield is at 1.921% (1.915% Friday) and the 2-10 yield spread is at 169bps, 1bp steeper since Friday morning.

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