Markets & Finance

Treasurys End Lower

From Standard & Poor's Equity Research

MARKETSCOPE: Treasuries closed lower in response to a surprise increase in August new home sales, which overshadowed a weak August durable goods report... 10-year note eased 03/32 to 102-07/32 for a yield of 4.59%... 30-year bond fell 10/32 to 96-08/32 for a yield of 4.74%... Along with the strong housing data, Treasuries appeared to be attracting profit taking after substantial gains since last week... Equities were little changed as the bong market closed, with the bulls looking bent on testing the Dow Jones Industrial Average all-time (intra-day) high of 11,750.28... Crude oil futures rallied to just shy of $63, recovering after tests of important technical support around $60 over the last week.

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