Markets & Finance

Bonds Higher

Posted on April 27, 2005

Treasuries were higher Thursday after an afternoon rally on tanking stock and reversal in oil prices, according to Informa. The Nasdaq closed at a six-month low, and oil prices rallied up to $51.77 in the afternoon. Earlier on in the day, treasuries rallied on softer GDP data and higher weekly jobless claims, according to Informa. Headline GDP came in at the expected 3.1% after Street economists made adjustments. The 10-year yield were pushed to a two-month low of 4.17%, according to S&P MarketScope.

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