parlano di profit-taking, in ogni caso bottom sembra fatto a 112,5 , zona che è stato supporto invalicabile gli scorsi giorni
U.S. Treasuries slip as profit-takers unwind gains
By Pedro Nicolaci da Costa
NEW YORK, Dec 16 (Reuters) - U.S. Treasury debt prices dropped on Thursday, falling pray to a bout of profit-taking as investors booked hefty recent gains.
Traders reported an unwinding of popular curve-flattening trades, in which investors have favored long-term debt on the expectation that it would perform better than shorter-dated maturities as official interest rates move higher.
"There are some profit-taking pressures coming into the market, especially on curve-flatteners" said David Ging, fixed-income strategist at Credit Suisse First Boston. "We've had a pretty good run."
A good run indeed. While higher on the day at 4.17 percent, yields on the benchmark 10-year note <US10YT=RR> were still 30 basis points below their level only two weeks ago, before a soft November payrolls report triggered a hefty rally.
In contrast, the two-year note <US2YT=RR> yield was down only single basis point at 2.96 percent. Accordingly, the spread between two- and 10-year yields widened to 118 basis points from a more than three-year low of 110 hit overnight.
In the belly of the curve, the five-year note <US5YT=RR> lost 11/32, taking yields to 3.52 percent from 3.49 percent. The 30-year bond <US30YT=RR> slid 1-13/32, lifting yields to 4.80 percent from 4.71 percent.
A sharp drop in weekly jobless figures offered some hope of a jobs recovery and was certainly no help to Treasuries, but traders have learned not to place too much emphasis on this volatile data series.
First-time claims for jobless benefits fell to 317,000 last week, the lowest since July and the steepest weekly drop in three years.
Still to come on the data front was the Philadelphia Fed's index of manufacturing activity for the U.S. MidAtlantic region, due at noon (1700 GMT).
Slow employment growth is just about the only thing keeping the Federal Reserve from tightening monetary policy more aggressively.
The Fed said in its statement this week that the economy was still growing robustly and that, to the surprise of many bond investors, policy-makers were not concerned about the specter of inflation.
But a growing source of anxiety among economists was the widening current account deficit, which hit a new record in the third quarter.
The gap edged wider to a record $164.71 billion, 5.6 percent of the total size of the U.S. economy, although analysts were bracing for an even worse number. Nonetheless, the battered dollar fell further.