Long-Dated Treasuries Finish Higher
MARKETSCOPE Long-dated Treasuries finished slightly higher as the market digested Fedspeak from four regional presidents, an unexpected 3.4% rise in September housing starts, and the Fed's Beige Book showing moderate to gradual economic growth in September and early October.
The 10-year note rose 3/32 in price to 98-11/32 for a yield of 4.46%. The 30-year bond rose 3/32 to 119-07/32 for a yield of 4.68%.
Equities were rallying as the bond market closed, erasing early losses. December gold dropped 2%. November WTI crude oil fell 79 cents to $62.41.