Treasury Prices Rise

Investors eyed factors such as rising energy prices

MARKETSCOPE : Treasury bond prices rose amid a jump in energy futures, a well bid two-year auction and a resumption of yield curve-flattening trades.

The market reversed course from its losses overnight following comments from Fed Governor Hoenig late Tuesday.

The 10-year note rose 06/32 to 99-31/32 for a yield of 4.25%, while the 30-year bond climbed 22/32 to 113-05/32 for a yield of 4.50%.

A higher-than-expected 3.3% rise in August durable goods had no lasting impact on bonds. The energy market considered an unexpected rise in weekly gasoline inventories as unreflective of the hurricane impact.

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