Treasury Prices Rise
Despite solid U.S. economic numbers, the bond market made steady gains throughout the course of the day. Stronger than expected retail sales and Michigan Sentiment reports and FOMC meeting minutes had little or no effect on bonds.
Yields drifted lower, and conversely bond prices gained, over the course of the session amid talk of persistent Asian central bank demand and Fedwatcher John Berry suggesting that a December hike still remained up in the air, according to Action Economics. The yield on the 10-year note fell to 4.20%.