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Markets & Finance

Treasury Prices Fall

From Standard & Poor's Equity Research

MARKETSCOPE : Long-dated Treasures closed modestly lower on Monday, likely reflecting some profit taking after a rally on Friday by those who want to square positions ahead of the FOMC policy statement Tuesday.

The 10-year note fell 05/32 in price, to 101-18/32, for a yield of 4.911%. The 30-year bond fell 04/32 to 92-12/32, for a yield of 4.997%.

A rise in June consumer credit and a three-year note auction showed little impact on the bond market. Stocks were falling as the bond market closed.

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