Treasuries End Higher
S&P MarketScope: Treasuries rebounded from recent losses. Gains were driven by curve-flattening trades, technical factors, and some positioning ahead of tomorrow's release of second-quarter advance gross domestic product (GDP).
The 10-year note climbed 14/32 to 99-14/32 for a yield of 4.19%. The 30-year bond rallied 36/32 to 114-29/32 for a yield of 4.40%.
A lower-than-expected 5,000 rise in weekly initial jobless claims to 310,000 did not impact the market. Stocks were rallying as the bond market came to a close. The greenback was weaker, especially against the euro.