Bonds Fall

Treasuries finished sharply lower after surging to a 14-month high on weaker-than-expected payroll data

S&P MARKETSCOPE: Bonds, which surged to 14-month highs at the outset on a weaker than expected Nonfarm Payrolls report, finished sharply lower. Dealers said Treasurys were overbought when 10-year yields fell to 3.84% level. 10-year yields currency up to 3.985% as note trades at 101-06/32, down 20/32. The 30-year bond fell 22/32 to 116-29/32 for yield of 4.286% in another reversal.

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