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ECB Buying Helps Stabilze European Debt Markets
11/18/2011
Treasuries are giving up some of yesterday’s gains as the10yr continues to gravitate to 2.00% yield. Yields on Spanish and Italian bonds have eased overnight as the ECB buying throughout the week has finally helped stabilize European debt markets. The economic calendar ends on a quiet note today with only the Oct US Leading indicators index due to be released at 10AM. Believe it or not, this marks the last full trading week of November as next week’s Thanksgiving feast officially begins the hustle and bustle of holidays. Currently, the 10yr yield is at 1.998% (2.005% Thursday) and the 2-10 yield spread is at 173bps, flatter by 2bps since yesterday morning.
