Markets & Finance

Treasury Prices Continue Falling


MARKETSCOPE : Treasury bond prices weakened Monday in a follow through from last week.

The benchmark 10-year note eased 03/32 to 97-28/32 for a yield of 4.77%, while the 30-year bond fell 08/32 to 95-26/32 for a yield of 4.76%. Meanwhile, three-month bills out to two-year notes finished little changed on the day.

Treasurys prices fell Friday after news of a record budget deficit and strong Nonfarm Payroll reports.

European Central Bank president Trichet, speaking after a G-10 meeting, said higher rates will not hurt world growth. He said the pace of global expansion is encouraging and that central banks are paving the way for sustainable growth, but ensuring stable prices. The ECB meets again in June.

Investors awaited Tuesday's February Retail Sales report, the February Consumer Price Index report on Thursday and the Industrial Production and Capacity Utilization data on Friday.


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