business

Treasurys Lower As Stocks Rise

Treasurys Lower As Stocks Rise

S&P MARKETSCOPE: Bonds solidly lower as reports of lower Factory Orders and Pending Home Sales were not as bad as some had anticipated... suggest economy still has some lift and the Fed would not be under any pressure to rise rates... some traders squaring positions before July 4th holiday tomorrow... market closes early today... the 10-year Treasury notes are off 13/32 to 95-28/32 for yield of 5.043%, 2-year note off 02/32 to 100 for yield of 4.888%, 30 year bonds off 26/32 at 94-03/32 for yield of 5.147%... European bonds up bit as Bank of England expected to raise rates Thursday, ECB expected to stay on hold.

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