Another longer-term structural black cloud looming over the U.S. Treasury market remains the huge budget deficit.
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Those are the two major factors that will drive the Treasury market going forward.
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Of course, the big surprise for 2011 was the performance of the Treasury market.
The Treasury market has its own dynamics quite unrelated to municipals that affect the ratio.
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Investor risk appetite up-ticked significantly Tuesday afternoon, which hurt gold and also the safe-haven U.S. Treasury market.
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Whatever the rating the US Treasury market is the largest, deepest and most liquid in the world.
Finally, another factor, which will be key for the Treasury market in 2012, is so-called global risk appetite.
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The treasury market reopened on Thursday and other financial markets, including commodities, are expected to resume trading on Monday.
Market weakness comes despite reduced technical pressure from the underlying U.S. Treasury market.
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It also is a major broker for other segments of the Treasury market.
First off, the deal was successful and presently trades at a small premium even as the Treasury market showed weakness.
As the Fed's balance sheet expands, it becomes more of a price maker than a price taker in the Treasury market.
But if there is great uncertainty about the safety of the treasury market due to the debt ceiling overhang, perhaps the .
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The U.S. Treasury market is now completely dominated by the Central Banks.
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Everyone knows that the U.S. Treasury market is basically a cash market.
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At some point, perhaps mid-2008, the inflationary implications of this full-punch-bowl recovery process will become clear to the Treasury market and the Fed.
European contagion and municipal credit concerns have sparked a flight to quality in the treasury market pushing the 5-30-year curve out to 313bps.
The increase in investor risk appetite in the market place this week is clearly evident by looking at the safe-haven U.S. Treasury market.
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Unlike the municipal bond market, the Treasury market is a homogenous credit market, highly liquid and dominated by institutional investors, both domestic and international.
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The Treasury market is a safe haven to park, but the U.S. dollar is not viewed as currently a safe haven to guard against catastrophe.
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There has yet to be a fiscal or Treasury market crisis.
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Optimism over the U.S. economy has yanked the yield up over the past week, as traders shift money out of the safety of the Treasury market.
In the Treasury market, borrowing volume suggests a different pattern.
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Focus on the actual return you are earning on your money in the Treasury market, for it tells you precisely how strong or weak the U.S. economy will be.
Trouble is, they're still diving for cover in the even safer short-term Treasury market, accepting negligible interest rates to keep their money safe and beyond the reach of inflation.
The weakness in the equity markets is a risk-off trade, which explains why the U.S. dollar is higher, along with the Japanese yen and the Treasury market, Bush explained.
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Indeed, emerging-market bond prices fell sharply last week (and more sharply, be it noted, than the Treasury market) when the Federal Reserve changed its language to imply that it might raise short-term rates sooner than previously thought.
Treasury market dynamics are also a factor.
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