Treasuries End Mostly Higher

Treasuries staged a low-volume comeback as stocks turned lower

Treasuries drifted higher on Monday, with the lack of data contributing to the low volume up-move. Prices started out on a sour note, marking lows right at the start of the session on spillover selling from Europe after the bund tumbled on a surprise gain in German industrial production data. From that vantage point, short-covering ensued and the long-end recovered nearly a point from lows, while the short-end was beset by diplomatic efforts with North Korea and initial gains on Wall Street.

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