Treasuries Finish Lower
Treasuries finished lower in price Thursday after stronger-than-expected October factory orders and in anticipation of a strong November labor report tomorrow. U.S.-manufactured factory goods orders rose 0.5% in October. Traders were also selling in reaction to a Wall Street Journal column that warned the Fed could shift its U.S. inflation view and raise rates. The 10-year Treasury yield, which moves in the opposite direction of its price, rose again to 4.40%.