Treasuries steady ahead of new reports |
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Published
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Mon, 14 May 2007 17:35
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NEW YORK (AP) - U.S. Treasury bonds were mostly unchanged Monday morning, as market participants awaited further direction from inflation and housing data due to come later in the week.At 11 a.m. EDT, the price of the 10-year Treasury note was unchanged from 5 p.m. Friday. Its yield held at 4.68 percent.The 30-year bond rose 1/32 point, while its yield was unchanged at 4.85 percent.The 2-year note was unchanged. Its yield rose to 4.72 percent from 4.71 percent.Yields on 3-month Treasury bills were 4.83 percent as the discount rate fell 0.02 percentage point to 4.70 percent.Monday's quiet open followed Friday's sharp sell-off on gaining equities. Analysts said they expect a day of range-bound trade, with little to move the market.'I don't really see what could push the market around a lot,' said Scott Gewirtz, head of Treasury trading at Lehman Brothers in New York. Monday's trading will most likely be dominated by a combination of positioning ahead of Tuesday's much anticipated consumer price data.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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NASDAQ
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CARNIVAL
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IBM
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