Bonds Lower at Close

Posted on November 14, 2004

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Treasuries lost ground at the close Monday in a day of very light trading. The market was just marking time ahead of key PPI and CPI reports, according to Action Economics. Yields gained during the course of the day as it reacted to the sharp drop in the price of oil, down $2 per barrel at one point during the day. The 10-year Treasury yield closed at 4.19%.