Treasuries End Lower
Treasury prices ended lower after Fed Chief Greenspan made reference to deflation not being a non-issue, adding to speculation that the Fed would raise interest rates. The 2-year note yield rose nine basis points, and the 10-year note traded up to 4.45% yield.
On Wednesday, all eyes will be on Greenspan, and ears tuned to other Fedspeak. "Treasuries are likely to stay skittish as a result, with retail continuing to refrain from any major participation," says Informa Global Markets.