Treasuries Finish Higher
Treasuries sat in a tight range for most of the session. But strong 5-year results and weak stocks, helped by higher oil prices and a huge corporate issuance, restored the bid. Early on, the Street further mulled the FOMC's statement, which paralyzed retail buying ahead of Thursday's retail sales data. The data is now even more key to a September rate hike. Rate-lock buying rallied Treasuries late in the session, as well as terror concerns. A Washington Times article says al-Qaeda is planning to disrupt U.S. elections.