Treasuries End Higher
Treasuries finished higher in price Thursday, bringing the yield on the benchmark 10-year note close to a two-week low. Mixed economic reports and renewed security worries helped fuel higher yields in the morning. Then the headline Philadelphia Fed Index initially pushed prices lower. Following the dip in the employment and prices paid components of the index, prices rose sharply higher again.
Elsewhere in economic news, leading indicators, which aim to forecast economic activity, rose 0.5% in May, vs. an 0.1% rise in April, within expectations. The market largely ignored the data.
In currencies, the dollar ended lower. The euro was at $1.206, and the British pound, at $1.834. The dollar was at 109.66 Japanese yen.