Abbreviated Opening

August 29th, 2014 5:22 am | by John Jansen |

The Treasury yield curve is somewhat steeper overnight. The 5s 10s spread which closed in New York at 70.4 is now 70.6 and 5s 30s which closed at 144.1 is now 144.8. Dealers report that activity in brokers market suggests someone initiating a steepener or unwinding a profitable flattener. The only activity that the folks who write me have observed is some selling in the 3 year sector.

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