Treasury Prices Climb After Housing, Manufacturing and CPI News

Prices rose in February, while housing starts that month and March manufacturing fell.

MARKETSCOPE : Treasury prices climbed on Thursday, after economic reports hinted to many economists that the Fed might be near the end of its credit tightening cycle of recent years.

The benchmark 10-year Treasury note rose 21/32 to 98-28/32 for yield of 4.646%, while the 30-year bond jumped 30/32 to 4.695%.

News hit that the Consumer Price Idex rose 0.1% in February, which was down from the 0.7% surge in January. The March Philadelphia Fed manufacturing index fell to 12.3 from 15.4 in February. U.S. Housing Starts fell 7.9% to a 2.120 million rate in February after surging 15.8% to a 2.303 million rate in January. This was revised upward from 2.276 million.

Meanwhile investors waited for Friday's Industrial Production and Capacity Utilization.

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