Treasury Bond Prices Rise After Home Sales Disappoint
MARKETSCOPE : Treasury bond prices rose on Monday, as investors squared away their positions at the end of the month and took in news of disappointing existing home sales.
The 10-year note rose 07/32 to 100-25/32 for a yield of 4.40%, while the 30-year bond climbed 19/32 to 111-06/32 for a yield of 4.62%.
News hit of a 2.7% decline in October existing home sales to 7.09 million. Attention now turns to the new home sales report Tuesday and the November labor report Friday.