Treasury End Lower

Treasuries tanked after the Fed's Bernanke predicted a very promising economy and a surge in hiring

Treasuries opened lower after the Bank of England hiked rates. Treasuries then sat in a narrow range all morning before tanking on Fed Bernanke's comments. Jobless claims unexpectedly jumped -- the rise was weather related, and productivity data implied a negative for future job growth. So Treasuries popped, helped also by a couple of large option trades. But the uptick failed as longer-term traders sold.

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