Treasuries Finish Mixed

The erosion in stocks gave Treasuries a boost and motivated some profit taking

Treasuries finished mixed Friday, with shorter-dated issues posting modest price declines while longer-dated issues rose slightly on a late burst of short covering into the weekend. A reversal of early gains in stock prices lent some support to bonds. There was no data or events to speak of, but the market was affected by option expiry. According to MMS International, with Friday's action, the market seems to have topped out, and next week's economic and events calendars could be the catalysts for a downside breakout.

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