Treasuries Finish Mostly Weaker

Much stronger than expected data on construction, along with a decent numbers from ISM, pressured Treasuries into the close

The Treasury market began February much as it left January, with the long bond closing marginally higher on the session, while the rest of the curve lagged behind. Supply factors, gains in equities, and stronger than expected data generally kept Treasuries under water, although the bond managed a late-afternoon rally to close in the green. Profit taking overnight, in conjunction with rising equities, weighed on Treasuries early.

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