Treasury Prices Lower Ahead of Bernanke Speech
MARKETSCOPE : Treasury bond prices fell on Wednesday ahead of Federal Reserve Chairman Ben Bernanke's speech.
The 10-year Treasury notes were yielding 5.15% at noon Eastern Daylight Time from 5.11% at Tuesday's close. Yields rise when prices fall.
Fed Chairman Bernanke begins speaking on "Revitalizing Communities" at noon.
News hit that Factory Orders surged 4.2% in March after rising a revised 0.4% in February. The April Institute for Supply Management service index climbed to 63.0 in April from 60.5 in March, as activity accelerated from an already strong pace early in the year.