Markets & Finance

Treasury Prices Slighty Lower

From Standard & Poor's Equity ResearchS&P MARKETSCOPE: Bonds were narrowly lower Tuesday morning, likely to drift lower on inflation worries... watching Chicago Fed conference for guidance but not sure will get it... the 10-year Treasury notes are off 02/32 to 94-27/32 for yield of 5.179%, 2-year note flat at 99-24/32 for yield of 5.023%, 30 year bonds off 06/32 at 92-05/32 for yield of 5.280%... this afternoon's Treasury Budget likely to show a $75 billion deficit... awaiting tomorrow's Fed Beige Book for FOMC's view of economy and comments by Fed members that might give any signals of a potential hawkish course in the Fed's rate policy in coming months... also awaiting Wednesday report May Retail Sales, which see up 0.5% and see up 0.6% excluding autos.

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