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Treasury Prices Move Higher
01/30/2012
Treasury prices are moving higher to start the week as the latest EU Summit begins in Brussels. The weekend failed to produce a Greek debt deal and markets are a bit uneasy as a result. The US economic calendar is jam packed this week with a plethora of data. Key reports included today’s Dec personal income and spending reports, tomorrow’s CaseShiller home price index and consumer confidence index, Wednesday’s ISM data and the much anticipated non-farm payroll report on Friday. Today’s PCE report produced mixed results with personal income slightly above expectations but consumption slightly below. Currently, the 10yr yield is at 1.835% (1.93% Friday) and the 2-10 yield spread is at 172bps, wider by 1bp since Friday morning.
