Treasuries End Mostly Lower
U.S. Treasuries finished mostly lower in a choppy session. After moving lower late in the session after a new Al Qaeda video tape appeared on Al Jazeera, says Informa Global Markets, yields climbed into the close. Market players were disappointed with the results of the Treasury's 10-year note auction.
In other economics news, the Chicago Fed released its monthly Midwest Manufacturing Index, which fell 0.6% in July to 115.1, vs. 115.8 in June (revised 1.0% in June). The Federal Reserve Board's industrial production index for manufacturing rose 0.5% in July. Also, regional output in July rose 5.8% compared with last year slightly more than the nation"s 5.5% rise.