Markets & Finance

Treasurys Prices Fall


From Standard & Poor's Equity Research

MARKETSCOPE Treasuries fell, underpinned by firm inflation data out of Japan, strong economic data from Germany and a higher reading in U.S. September consumer confidence than expected... 10-year note fell 11/32 to 102-10/32 for a yield of 4.58%... 30-year bond also slid 11/32 to 96-22/32 for a yield of 4.71%... Price weakness also likely reflected profit taking after a substantial rally recently on speculation the Fed will start easing monetary policy by early or mid-2007... Equities were holding onto gains as the bond market closed... Crude oil futures fell.


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