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Markets & Finance

Treasuries Fall on Evidence of Economic Rebound

Treasuries fell after a decline in business inventories and smaller-than-expected contraction in industrial production added to evidence that the economy is close to a recovery from recession. A late-session rebound in equities added pressure on bond prices.

The weak finish virtually guarantees follow-through lower next week. Coming up on the data front: November housing starts are due Tuesday (permits and completions as well). On Wednesday investors will get the October trade report. The Philly Fed index is out Thursday, and on Friday, traders will have final GDP for the third quarter as well as personal income data for November.

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