Treasuries Finish Higher

Treasuries extended gains on softer-than-expected headline data

The bond squandered a near 2-point lead on Friday made possible by a slight shortfall in headline U.S. data relative to expectations and a squeeze on short positions. Retail sales grew by 0.6% in August down from 1.3% in July, core PPI slipped to 0.1% from 0.2%, and University of Michigan sentiment eased to 88.2 from 89.3.

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