Bonds

Treasuries reversed to the downside at about 11am after the results of today’s Federal Reserve purchase details of US Treasuries hit the NY Fed’s website. While the absolute amount of treasuries purchased was similar to yesterday at $7.4b, the amount offered to them was $45.7b up from $37.2b yesterday and it was the supply on the part of the dealers that resulted in the negative reaction in bonds.

Print Friendly, PDF & Email

Posted Under

Uncategorized