John Canavan
John Canavan
auctions based difficult draw gets note
It gets the refunding off on the right foot, but it's still difficult to draw conclusions about how well the five- and 10-year note auctions will do based on the three-year auction.
deficit downward expected factors june larger revision small suggest trade
The June trade deficit was larger than expected which would suggest -- barring any other factors -- a small downward revision to second-quarter GDP growth.
auction factor market spread supply terribly tips treasury
The spread supply had been a factor weighing on the Treasury market and when the 10-year TIPS auction didn't go terribly well, that compounded the issue.
auction initially last losses lower market recover seems turned
Initially we turned a little lower after the auction results, but in the end we turned a little higher. It just seems as if the market has been able to recover partially after the losses of the last two days.
helped pressure stocks
Stocks were also under pressure and that helped out a little.