Markets & Finance

Treasury Prices Lower Ahead of Bernanke Speech


MARKETSCOPE : Treasury bond prices fell on Wednesday ahead of Federal Reserve Chairman Ben Bernanke's speech.

The 10-year Treasury notes were yielding 5.15% at noon Eastern Daylight Time from 5.11% at Tuesday's close. Yields rise when prices fall.

Fed Chairman Bernanke begins speaking on "Revitalizing Communities" at noon.

News hit that Factory Orders surged 4.2% in March after rising a revised 0.4% in February. The April Institute for Supply Management service index climbed to 63.0 in April from 60.5 in March, as activity accelerated from an already strong pace early in the year.


Too Cool for Crisis Management
LIMITED-TIME OFFER SUBSCRIBE NOW

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus