Treasuries Futures at 2-Week High as Market Set to Reopen
This article is for subscribers only.
Treasury futures traded at almost a two-week high as cash bond markets prepared to reopen tomorrow after closing due to the risk posed by tropical cyclone Sandy.
Trading volumes slowed before the Securities Industry and Financial Markets Association recommended the market in dollar-denominated fixed-income securities in the U.S reopen after being shut since Monday noon. A report showed a gauge of U.S. house prices climbed by the most in more than two years in the 12 months ended in August.