Treasury Prices Lower

Story Tools

MARKETSCOPE: The 2-year Treasury notes off 02/32 to 100-05/32 for yield of 3.073%, 10-year notes off 05/32 to 102-15/32 for yield of 3.953% and the 30-year bond off 08/32 to 110-25/32 for yield of 4.353% even though Bernanke hinted the Fed will cut rates at Dec. 11 FOMC meeting because the economy has deteriorated in the past few weeks. Will be watching speeches by Fed's Plosser, Poole and Kroszner today but doubt they will add much to what Bernanke said. Awaiting reports on that expected to show Oct. Personal Income rose 0.4%, Personal Consumption Expenditures rose 0.3%, the Nov. Chicago PMI rose to 51.0 from 49.7 and Oct. Construction Spending rose 0.2%. Starting to see yearend portfolio crosscurrents as work.

All of the views expressed in this research report accurately reflect the research analyst's personal views regarding any and all of the subject securities or issuers. No part of analyst compensation was, is or will be, directly or indirectly related to the specific recommendations or views expressed in this research report. Standard & Poor's Regulatory Disclosure

Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of Standard & Poor's, which operates separately from and independently of BusinessWeek Online. It is possible that BWOL may from time to time publish information that is not consistent with advice, analysis, or recommendations that are published by Standard & Poor's. Standard & Poor's and BusinessWeek Online are each units of The McGraw-Hill Companies, Inc.