U.S. treasuries were up this morning on speculation that the Federal Reserve’s Beige Book report will show that the U.S. recovery is slowing, which is pushing expectations that rates will stay low fom some time. Durable goods orders came in a little worse than expected and this is the second consecutive monthly decrease. Also, we have a $37 billion 5-year auction today at 1 p.m.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *