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Reply #16: Treasurys hold early losses after mixed factory data [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-28-05 07:47 AM
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16. Treasurys hold early losses after mixed factory data
http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38623.3617234954-844105796&siteID=mktw&scid=0&doctype=806&property=symb&value=&categories=&

CHICAGO (MarketWatch) -- Benchmark 10-year Treasury notes extended price losses briefly after a report showed a larger-than-expected 3.3% rise in orders for durable goods during August. The market impact of the report's headlines was dulled somewhat by a revision to July's tally. It now showed a deeper 5.3% drop in orders. The 10-year note had since recovered some to trade exactly where it stood before the report, down 7/32, or not quite $2.50 per each $1,000 in securities, at 99 17/32. Its yield ($TNX) stood at 4.31% vs. 4.28%.
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