Treasuries Finish Lower

Insurance companies were reportedly selling notes to raise cash for claims from the Asian tsunamis

S&P MARKETSCOPE: Treasurys skidded, with the 10-year yield up to 4.30% from 4.20% last week, amid reports insurance companies selling 5-year and 10-year notes to raise cash for possible damage claims due to the tsunamis that hit Asia over weekend. Lower oil prices and a weaker dollar were also factors in the selloff. Markets looking head to Wednesday's Existing Home Sales and Thursday's Chicago PMI reports. Most traders have closed their books for the year.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE