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MARKETSCOPE : Treasury bond prices fell on Thursday, as the bond market positioned itself for signs of growing inflation in Friday's release of September Consumer Price Index data.
This overshadowed a smaller-than-expected August trade deficit, while September import prices rose more than expected.
The 10-year note fell 06/32 to 98-09/32 for a yield of 4.47%, while the 30-year bond sank 18/32 to 109-01/32 for a yield of 4.69%. The 10-year yield gapped higher, reached a session high (and six-month high) of 4.50%, and pulled back by the close. The rise in yields pushed the dollar higher, which hurt gold prices.