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Markets & Finance

Treasurys Trade Slightly Higher

From Standard & Poor's Equity ResearchS&P MARKETSCOPE (07/20/2007 8:15am): The 10-year Treasury notes, which recovered yesterday when Bernanke said subprime loans problems might coast $50-$100 billion, up 02/32 to 96-04/32 for yield of 5.010% on short covering before the weekend... no economic reports on tap but St. Louis President William Poole is due to speak on subprime mortgages to the St. Louis chapter of the National Association of Real Estate Brokers later today... 2-year note flat at 100-03/32 for yield of 4.836%, 30 year bonds up 03/32 at 94-23/32 for yield of 5.103%.

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