Treasuries Finish in the Red
A huge 3.4% gain in durable goods, and an upwardly revised 3.8% gain in February, set the selloff in motion. 10-year yields soared to 4.466% at one point, but a weekend safety bid provided some late-day support.
Fed Chief Greenspan's comments earlier this week that inflation isn't a concern weighed on the Treasury market. Ongoing Fedspeak offered further evidence of a growing economy, adding to rate-hike speculation.