Markets & Finance

Treasury Prices Finish Higher


Gains Monday were spurred by short-covering after Friday's steep declines

From Standard & Poor's Equity ResearchS&P MARKETSCOPE: Long-dated Treasuries rose Monday on the back of short covering after steep declines in the wake of the May labor report Friday.

The 10-year note rose 05/32 in price to 96-22/32 for a yield of 4.93%. The 30-year bond rallied 15/32 to 95-26/32 for a yield of 5.02%.

The 10-year yield violated technical resistance at 4.90% last week that clears the path for further upside. However, the 5.00% level could act as a psychological barrier that could take some time to get past.


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus