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Treasuries Fall

S&P MARKETSCOPE: Treasuries fell as June durable goods orders rose unexpectedly by 1.4% and June new home sales rose more than expected to 1.374 million units.

The 10-year Treasury note fell 08/32 to 98-31/32 for a yield of 4.25%. The 30-year bond slid 12/32 to 113-23/32 for a yield of 4.47%.

The Fed Beige Book for the Aug. 9 FOMC meeting showed continued economic growth, as anticipated. But the report also included an unexpected mention of slightly easing price pressures. Equities were rising modestly as the bond market closed. The dollar weakened.

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