Treasuries Close Higher
Treasuries made up for losses in morning trading, with a rally in oil prices helping to boost prices intothe green Thursday. Treasuries started off lower after the release of mixed economic data and as German Bunds collapsed. However, by the end of the day, the unwinding bund/treasury spread helped move Treasuries into positive territory. At the close, the yield on the 10-year Treasury dropped to 4.12% as its price moved higher.