Treasuries headed for a second weekly gain after Federal Reserve Chairman Ben S. Bernanke quelled concern that a reduction of U.S. stimulus was imminent. Bernanke has calmed things down and has done a pretty good job, said Barra Sheridan, a rates trader at Bank of Montreal in London. Were very much data dependent and have settled into a higher trading range for Treasuries. What does this mean, the slow but steady rally in mortgage bonds continues and, slowly but surely, things are getting back to where they were just a couple months ago (although we still have a long way to go)...
Posted on: Fri, 19 Jul 2013 17:32:54 +0000
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