Treasury Prices Fall
MARKETSCOPE : Long-dated Treasures closed modestly lower on Monday, likely reflecting some profit taking after a rally on Friday by those who want to square positions ahead of the FOMC policy statement Tuesday.
The 10-year note fell 05/32 in price, to 101-18/32, for a yield of 4.911%. The 30-year bond fell 04/32 to 92-12/32, for a yield of 4.997%.
A rise in June consumer credit and a three-year note auction showed little impact on the bond market. Stocks were falling as the bond market closed.