Treasuries Finish Flat to Higher

Treasuries were trading mostly lower throughout the day as stocks stabilized, but news of a fire on Capital Hill spurred some short-covering into the weekend

Rounding out the week, Treasuries finished mostly lower Friday as stocks stabilized somewhat and public sector borrowing was kick-started at the front-end. After the House agreed by a 1 vote majority to raise the roof on the debt ceiling, the snap two-year auction went relatively poorly. This set the bearish tone for most of the session until the very end, when news of a fire on Capital Hill sponsored some short-covering into the weekend.

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