Business & Finance
Treasury futures erase gains on EFSF guidelines
LONDON : US Treasury futures erased gains after headlines outlining plans for how the euro zone's rescue fund can interv
LONDON: US Treasury futures erased gains after headlines outlining plans for how the euro zone's rescue fund can intervene in bond markets caused a modest rally in risk appetite.
Reuters reported that the European Financial Stability Facility (EFSF) would be able to buy bonds in secondary markets under certain conditions.
Treasury futures erased small early gains to fall to as low as 128-21/32, 6/32 lower on the day, before paring those losses to last stand at 128-25/32.
Copyright Reuters, 2011
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