Treasuries Higher Amid Idle Stocks

Steepening unwinded on the stagnant equity market, a strong budget surplus and neutral remarks from Greenspan

Prices at the back-end of the curve recovered some poise by the end of the week, with curve flattening and front-end underperformance intact since the FOMC on Tuesday. Idle stocks, a record budget surplus and neutral remarks from Greenspan Friday supported that trend as well.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.