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Markets & Finance

Treasury Prices Little Changed Ahead of G7 Meeting

MARKETSCOPE : Treasury prices rose on Friday after Russian Finance Minister Alexei Kudrin said he did not view the dollar's reserve status as absolute.

The benchmark 10-year note rose 09/32 to 96-04/32 for a yield of 5.00%, while the 30-year bond climbed 22/32 to 90-00/32 for a yield of 5.09%.

Equities were trading lower as the bond market closed, amid a rally in June West Texas Intermediate crude oil to $75.17.

The Group of Seven, International Monetary Fund and World Bank meet in the coming days.

Investors continued wondering about the future direction of interest rates. Federal Reserve Chairman Ben Bernanke gives testimony to the Joint Economic Committee next Thursday about the U.S. economic outlook.

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