Markets & Finance

Treasuries Finish in the Red


A huge 3.4% gain in durable goods, and an upwardly revised 3.8% gain in February, set the selloff in motion. 10-year yields soared to 4.466% at one point, but a weekend safety bid provided some late-day support.

Fed Chief Greenspan's comments earlier this week that inflation isn't a concern weighed on the Treasury market. Ongoing Fedspeak offered further evidence of a growing economy, adding to rate-hike speculation.


Soul Searcher
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus