Markets & Finance

Treasuries Finish Lower


S&P MARKETSCOPE: Treasurys skidded, with the 10-year yield up to 4.30% from 4.20% last week, amid reports insurance companies selling 5-year and 10-year notes to raise cash for possible damage claims due to the tsunamis that hit Asia over weekend. Lower oil prices and a weaker dollar were also factors in the selloff. Markets looking head to Wednesday's Existing Home Sales and Thursday's Chicago PMI reports. Most traders have closed their books for the year.


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