Treasury Bond Prices Recovered
MARKETSCOPE : Treasury bond prices recovered from their earlier losses on Friday, as investors squared away their positions ahead of a holiday weekend.
The market opened lower in early trading, as September nonfarm payroll jobs fell 35,000, much smaller than the expected 150,000 decline.
Bond prices rose steadily into the close, however. The 10-year note rose 09/32 to 99/32 for a yield of 4.35%, while the 30-year bond climbed 22/32 to 112-03/32 for a yield of 4.56%.
A terror alert for the New York City subway system contributed to bond price strength on the back of a safety bid.
The bond market is closed Monday for Columbus Day.