Treasuries End Lower

Prices fell following the unwinding of the weekend safety premium and Olympics terror fears

Treasuries opened softer on retail selling overnight, in addition to the unwind of the weekend, the Olympics terror trade, and dissipating fears of higher oil prices after Chavez won the Venezuelan recount referendum. The 10-year note yield climbed to 4.26% from last week's low of 4.20% following the blow-out trade deficit. Earlier, the Empire State PMI plunge had improved prices -- barely, but then the Street focused on the pop in the employment component.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.