Treasuries End Mostly Higher

Some modest short-covering aided prices ahead of the Fed's policy meeting Tuesday

Bond trading was not entirely written off as expected Monday, the day before the FOMC decision. Modest short-covering and curve flattening continued to be the path of least resistance and the preferred road to riches after the fact of the policy meeting. Prices steadily ground higher from their capitulative dive last week, with the June bond constructively closing up 17/32 at 99-4/32 compared to Friday lows of 97-06.

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