Treasurys Lower

The 10-year Treasury yield climbed to 4.54% as the January trade deficit widened more than expected to $58.27 billion

The 10-year Treasury yield climbed to 4.54% as the January trade deficit widened more than expected to $58.27 billion and Fed Chairman Greenspan voiced concern over budget deficit, according to S&P Marketscope. Prices moved lower on dealer-driven selling as they tried to distribute securities they bought in this week's auctions, according to Miller Tabak's Tony Crescenzi. The market saw some positioning before the weekend and next week's reports on Retail Sales, Treasury international capital flow data, current account deficit, housing starts, industrial production, and Michigan Sentiment index.

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