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Treasury Prices Edge Higher
07/22/2011
Treasury prices are edging higher this morning as investors eagerly await further developments in the debt ceiling talks. The US is now firmly in the spotlight after yesterday’s European announcement of a bailout package for Greece and other troubled members of the EU. US Congressional leaders are still hopeful an expansive package will be agreed upon but time is dwindling. Today’s economic calendar is bare so markets will likely idle until any potential news breaks. Currently, the Ten Year yield is at 2.980% (2.964% yesterday) and the 2-10 yield spread is at 260bps, steepening 2bps since yesterday morning. Enjoy the weekend!
