Markets & Finance

Treasuries Lower


From Standard & Poor's Equity ResearchS&P MARKETSCOPE (11/13/2007 7:13am EDT): The 2-year notes off 02/32 to 100-11/32 for yield of 3.447%, 10-year notes off 09/32 to 100-03/32 for yield of 4.246% and the 30-year bond off 19/32 to 105-31/32 for yield of 4.630% on profit taking as stocks, battered the past week, indicated to open higher. See little reaction to report on September Pending Home Sales, which Lehman sees down 4% after plunging the 16% the previous 2 months. Might falter on Oct. Budget deficit, which seen up to $51 billion from $49.3 billion in September. Some nervousness before tomorrow's Oct. PPI, which see up 0.4%, core rate up 0.1%. Higher figures could drive yields higher. Retail Sales and CPI data later in week could impact market. But weak economy likely to keep bonds higher.


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