Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Treasuries Finish Lower


Treasuries finished lower in price Friday, erasing early gains.

Early firmness in the long end of the yield curve was underscored by a technical, short- covering bid. But rumors of a "think tank" call for only 50 basis-point increase in rates for the year, in addition to a Vermont Nuclear plant fire, unnerved shorts, sparking a grinding front

end bid. But as that bid stalled, the long end was sold, helped by the rebound in stocks and talk of asset reallocations. By mid-morning, prices erased all the session's gains and hedge-fund selling turned prices negative into noon. The afternoon trade was spent in a tight range as traders adjusted postions.

Friday's report on the current account deficit was largely ignored. The deficit widened to $144.9 billion in the first quarter, a record, from a revised $127.0 in the 2003 fourth quarter.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus