Treasurys Climb

The market recovered some ground after last week's losses

Treasury prices rose Monday, likely on back of some mild short covering after substantial losses last week. The 10-year note edged up 04/32 in price to 97-26/32 for a yield of 4.77%. The 30-year bond climbed 10/32 to 97-03/32 for a yield of 4.94%. The 10-year yield is experiencing an uptrend from May 11, and there are no signs of this uptrend being exhausted.

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