S&P MARKETSCOPE: Treasuries fell in sympathy with weakness in global bond markets following hawkish comments from the European Central Bank and the Bank of Canada.
The 10-year note fell 11/32 to 99-28/32 for a yield of 4.14%. The 30-year bond tumbled 22/32 to 115-07/32 for a yield of 4.38%.
Some activity was driven by positioning ahead of the May trade report tomorrow and the June CPI release Thursday. Speculation that recent positive economic data will support the case for more interest rate hikes by the Fed offset any safe haven bid after terrorist attacks in London last week.