Markets & Finance

Treasuries End Lower


Treasuries opened softer following foreign retail profit-taking in both Tokyo & London. By the New York open, half the overnight losses were pared.

Prices then sat in a tight range, erasing nearly all the session's losses on the back of the sharp drop in the Michigan consumer data. But the uptick was shortly reversed on the surge in the Chicago PMI report, with the employment component showing an impressive gain.

Treasuries fell sharply to the lows of the session. Some light retail month-end related buying stemmed further losses, with prices then moving sideways, but Treasuries hugged the lows into the early close.

The Treasury market will be closed Monday for the Memorial Day holiday.


We Almost Lost the Nasdaq
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