Industry News
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Global Market News
12/09/2011
Treasury prices are slightly lower this morning as the latest EU summit plan is garnering a muted response from investors. The fifth in a series of EU plans attempts to lay the groundwork for a fiscal union but it provided little detail that investors were hoping to see. In other EU news, downgrades continue as Moody’s targeted French banks overnight. A quiet week of US economic data concludes today with the latest reading from the Univ of Michigan confidence index. Currently, the 10yr yield is at 1.991% (2.079% Thursday) and the 2-10 yield spread is at 176bps, flatter by 7bps since yesterday morning.





