Treasuries Finish Lower

Treasuries drifted slowly lower, while surging stocks added to the weakness amid improved prospects for the economy

Treasuries remained in full retreat Monday, as bears were not dissuaded after the long holiday weekend. The yield on the 5-year (the underperformer for the day) rose 9 basis points and is up 43 basis points since the FOMC meeting. Surging stocks added to the more defensive tone in bonds as Wall Street looks toward improved economic growth prospects over the second half of the year.

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