Treasurys Finish Lower
MARKETSCOPE: Treasuries finished mostly lower, extending the downtrend that began in mid-March, as an upward revision to Q4 2006 GDP was taken as a sign that the Fed had less reason to consider lowering interest rates anytime soon... 10-year note eased 03/32 to 99-30/32 for a yield of 4.63%... 30-year bond edged up 02/32 to 98-14/32 for a yield of 4.83%... The GDP revision came a day after Fed Chairman Bernanke stated inflation risks are still a concern, clarifying the recent FOMC policy statement... Stocks were trading mixed as the bond market closed... Crude oil futures rallied sharply... Gold futures fell... The dollar index rose slightly.
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