Markets & Finance

Treasurys Lower After Data


From Standard & Poor's Equity ResearchMARKETSCOPE Bonds heading solidly lower, yields rising and Deutsche Bank's Joseph Lavorgna says that's because traders worried today's higher than expected Personal Consumption figures causing economists to revised upwards their Q4 GDP estimates... Lavorgna also said he though thin trading was a factor in the moves... the PCE deflator suggested inflation was bit less than expected and Durable Goods Orders showed companies not spending much on capital expenditures... nevertheless, the 10-year Treasurys are down 18/32 to 100-02/32 for a yield of 4.620%, the 2-year note is down 04/32 to 99-27/32 for yield of 4.723% and the 30-year bond is down 1-02/32 to 96-01/32 for yield of 4.758%.


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