Markets & Finance

Treasury Prices End Mixed


S&P MARKETSCOPE: Treasury bond prices finished mixed on Friday in a holiday-shortened session. Trading was range-bound ahead of the holiday weekend.

The 10-year note edged down 02/32 to 101-24/32 for a yield of 4.03%, while the 30-year bond rose 08/32 to 116-21/32 for a yield of 4.29%.

The market showed a muted reaction to a disappointing 169,000 rise in August nonfarm payroll jobs and lower-than-expected 4.9% unemployment.

Meanwhile the 10-year yield stabilized after plunging this week on speculation that the Fed would stall or end its tightening cycle in the wake of devastation caused by Katrina. October West Texas Intermediate crude oil fell $1.90 to $67.57. Equities were mixed as bond trading closed. The dollar was modestly weaker.


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