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Reply #26: Treasurys fall amid demand for German bonds [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-20-05 09:45 AM
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26. Treasurys fall amid demand for German bonds

CHICAGO (MarketWatch) -- Treasury prices remained lower and yields higher as a weak U.S. economic report was overshadowed by the impact from corporate and foreign bond activity on U.S. government debt. The benchmark 10-year note was last 16/32 lower at 99 30/32. The drop in price lifted its yield ($TNX) to 4.13% from 4.07% at Friday's close. The bond market largely ignored a report that showed the index of leading indicators dropped a larger-than-expected 0.5% in May. Treasury losses accelerated instead as speculation for a European Central Bank interest-rate cut sent investors out of U.S. debt into German bunds, traders said. So far, the 10-year yield has had trouble piercing last week's yield high of 4.14%.
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