Treasuries Finish in the Red

Treasuries reacted poorly to weak stock markets, although losses were tempered by the Fed's still-cautious economic outlook

Treasuries sputtered Wednesday, unsuccessfully struggling to break free of equities ahead of payrolls on Friday. The curve maintained its steeper profile in the meantime, despite the sharp headline gains in ISM's May services index to 60.1 (new orders gained only slightly and prices paid fell).

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