Bond Market Recap - 12/15/2016

December 15, 2016 9:29AM CST

March Bonds finished down 0-110 at 148-040, 0-250 off the high and 1-000 up from the low.

March 10 Yr Treasury Notes closed down 0-719 at 122-688. This was 0-234 up from the low and 0-453 off the high.

The Treasury market was lifted off the initial lows in the wake of a somewhat soft flow of US scheduled data. While jobless claims did show a decline, the decline wasn't as large as was expected. On the other hand, the Philly Fed readings showed an improvement in manufacturing "growth" and that probably means the bounce off the lows was more technical short covering than fresh outright buying.

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