U.S. government debt prices fell o n Tuesday when news that the U.S. manufacturing sector unexpectedly grew at its strongest pace in 10 months cast doubt on views the U.S. economy
was faltering and would need more stimulus from the Federal Reserve.
In the open market, benchmark 10-year notes traded down 6/32 in price to yield 1.95 percent, up 3 basis points from Monday’s close but still below the 2 percent chart support level, which is also the Fed’s implicit target on inflation.
Thirty-year bonds fell 17/32, their yields rising to 3.15 percent from 3.12 percent on Monday.
0731-6618000
No comments:
Post a Comment