Treasuries Finish Mostly Lower

Low-volume trading ahead of the holidays is creating price swings

Treasuries finished lower in price as traders discount an economic recovery. Comments from St. Louis Federal Reserve governor William Poole, who said the Fed has plenty of room to maneuver rates lower, didn't provide much support. Treasuries labored under solitary confinement through most of Monday's session, with the 10-year bond losing over 2 points before doing an about face into the close to finish in positive territory. The huge price swings were mostly a function of illiquid trading conditions as volume becomes increasingly light into the holidays.

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