Bonds Flat

Treasuries rebounded from earlier losses after equities turned lower

After falling during Monday morning's trading session, bond rebounded by noon and eked out gains before ending unchanged from Friday's close by the end of the day. Treasuries were hammered at the opening of the market as stocks soared, according to S&P Marketscope. Prices were higher after construction spending and ISM manufacturing employment index numbers were lower than expected. Even though the ISM numbers were slightly higher, the selloff was cut short as a closer look at the numbers showed a sharp drop in the employment component, according to Informa.

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