Markets & Finance

Bonds Close Lower


S&P MARKETSCOPE: Treasurys fell as stronger than expected Industrial Production and Capacity Utilization reports bolster contentions by St. Louis Fed President Poole the Fed eventually will have to abandon its "measured" pace of credit tightening. A larger than expected PPI decline prevented a market rout. Inflation was not a major problem, even though oil futures rose today. Two-year Treasury notes fell 03/32 to 99-19/32 for yield of 3.229%. 10-year notes fell 13/32 to 100-09/32 for yield of 4.220%. 30-year Treasury bonds shed 21/32 to 109-19/32 for yield of 4.734%. The dollar is strong on the data and indications the Fed will continue to raise rates at the Feb. 1 to 2 meeting.


Burger King's Young Buns
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