Treasuries End Mostly Higher

Treasuries ended with gains, but off lows, in quiet volume. The dip in jobless claims spurred some profit taking, but the weaker Philly Fed report lifted prices into the close

Treasuries were caught in the wake of the FOMC and in the eye of the storm Thursday, with outright flows continuing to ebb as Isabel bore down hard on the Eastern seaboard. Data took some wind out of the bond market's sails, with jobless claims dipping back below 400,000 and leading indicators extending their winning streak to 4 months with a 0.4% gain. There was even a sting in the tail of the Philly Fed report, with business conditions easing back to 14.6 from 22.1, but new orders gaining to 19.3 from 14.6.

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