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14:55
10/05/16
10/05
14:55
10/05/16
14:55

Treasury Closing Summary:

Treasury Closing Summary: Yields continued to ratchet higher on Wednesday, but this time with a little fundamental support from a surge in ISM services, though the ADP private employment survey was a bit shy. Positioning swings still remained the name of the game, however, especially at the short-end where a variety of options trades intersected on euro$s. Fedspeak was mixed with hawk Lacker sticking to his rate hike guns and moderate Kashkari highlighting stubbornly slow growth. Successive API/EIA draws helped drive WTI crude to within striking distance of $50 bbl.

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