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

Treasury Prices Finish Higher


Gains Monday were spurred by short-covering after Friday's steep declines

From Standard & Poor's Equity ResearchS&P MARKETSCOPE: Long-dated Treasuries rose Monday on the back of short covering after steep declines in the wake of the May labor report Friday.

The 10-year note rose 05/32 in price to 96-22/32 for a yield of 4.93%. The 30-year bond rallied 15/32 to 95-26/32 for a yield of 5.02%.

The 10-year yield violated technical resistance at 4.90% last week that clears the path for further upside. However, the 5.00% level could act as a psychological barrier that could take some time to get past.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus