Bonds Post Gains

Treasuries rose slightly with little economic news to stir the market

The bond got some of its own back Monday after underperforming against the bullish front-end following Friday's payrolls. Light curve flattening dominated the session, with pockets of dealer bond buying at the beginning of the session setting the tone for the day. The 2s/30s yield spread narrowed back below +160 basis points to +157 basis points as a result and the September bond closed +16/32 at 100-28 after wading into a potent chart area just below the 101-handle.

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