Markets & Finance

Treasuries Higher


S&P MARKETSCOPE: Bonds rebounded from losses on Thursday on back of sentiment that China's yuan revaluation would not hurt the country's demand for U.S. Treasuries as much as initially thought.

The 10-year note rose 15/32 to 99-08/32 for a yield of 4.22%. The 30-year bond climbed 33/32 to 114-07/32 for a yield of 4.44%.

The shooting of a suspected bomber in London just a day after explosions there also provided price support on back of a safety bid.

Most still expect yields to rise in the future given the Fed's hawkish tone in the FOMC minutes from the June meeting.


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