Treasuries Head Lower after Data

Reports released Friday suggested underlying economic strength

Treasury prices headed lower Friday morning after reports May Nonfarm Payrolls rose more than expected 157,000, Personal Income fell 0.1% but Expenditures rose 0.5%, the annualized PCE core deflator eased to 2.0%, the ISM index rose to 55.0, the Michigan Sentiment Index fell to 88.3 from 88.7 and Pending Home Sales fell at 3.2% annual rate.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.