logo

Bond Markets

Share

After initially moving to the downside, treasuries turned modestly higher over the course of the trading session on Monday. Bond prices gave back some ground going into the close but still ended the day in positive territory.

Treasuries managed to finish Wednesday's trading session modestly higher but well off their best levels of the day. After an initial move to the upside, bond prices gave back ground over the course of the trading day.

Following sale of two-year and five-year notes earlier this week, the Treasury Department sold $29 billion worth of seven-year notes on Wednesday, attracting below average demand. The seven-year note auction drew a high yield of 2.720 percent and a bid-to-cover ratio of 2.34.

After ending the previous session modestly lower, treasuries showed a significant move back to the upside during trading on Tuesday. Bond prices moved modestly higher early in the session and saw further upside as the day progressed.

The Treasury Department continued this week's series of long-term securities auctions with the sale of $35 billion worth of five-year notes on Tuesday, attracting average demand. The five-year note auction drew a high yield of 2.612 percent and a bid-to-cover ratio of 2.50.

Treasuries showed a lack of direction over the course of the trading session on Monday before closing modestly lower. Bond prices moved to the downside in afternoon trading after bouncing back and forth across the unchanged line.

Kicking off this week's series of long-term securities auctions, the Treasury Department sold $30 billion worth of two-year notes on Monday, attracting slightly above average demand. The two-year note auction drew a high yield of 2.310 percent and a bid-to-cover ratio of 2.91.

After moving notably higher in the previous session, treasuries showed a lack of direction over the course of the trading day on Friday. Bond prices spent the day bouncing back and forth across the unchanged line before closing roughly flat.

Follow RTT