Daily commentary

Post date: Dec 19, 2011 5:46:56 PM

Treasury prices are relatively flat this morning as markets digest several EU credit downgrades over the weekend and the news of North Korea's Kim Jong II's death. The US economic calendar is relatively light through the first half of this week but ramps up on Thursday and Friday.

Currently, the 10yr yield is at 1.873% (1.908% Friday) and the 2-10 yield spread is at 164bps, flatter by 3bps since Friday morning.