Treasuries Finish Higher

After sagging on dull auction results, Treasury prices shot up on the surprisingly dovish FOMC minutes

A dull session, despite numerous mixed data, and a poor 10-year auction, reversed on the surprisingly "dovish" FOMC minutes. Treasuries opened firm following bargain hunting and the dollar's bounce overnight. Prices moved higher into New York, as hedge funds, dealers and speculators were light buyers on the open, while technical traders and commodity traders were dominant.

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