Treasuries End Higher

Treasuries exorcised their post-claims drop, with prices climbing ahead of the long weekend amid slightly weaker stocks

Treasuries benefitted from a short-covering rebound Friday, enlisting support from benign inflation data and some swap activity. Gains were most pronounced in the belly of the curve, which had been inundated with a variety of supply this week. Ahead of the long Columbus Day holiday weekend in the states, technicals and position-driven gains set the tone, with little directional input from neutral stocks or the damp dollar.

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