Treasuries Inch Up Ahead of Fed Chief's Speech

A downturn in stock prices also provided some lift for bonds

It took a while, but the September bond finally cleared out some technical deadwood at the intersection of its 100- and 200-day moving averages just below 102 on Monday in very light trade. The catalysts were not really new, but the recurring themes of equity weakness, emerging market angst and eroding commodity prices set off a brief round of curve flattening.

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