Bonds Higher

Treasuries closed higher after an unexpected decline in April industrial production

MARKETSCOPE: Treasuries closed modestly higher as an unexpected 0.2% decline in April Industrial Production offset a 0.6% rise in PPI and an 11% jump in housing starts. 10-year note rose 03/32 to 100-02/32 for a yield of 4.12%. 30-year bond climbed 12/32 to 113-22/32 for a yield of 4.47%.

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