May 31, 2007
Treasurys Drop on Chicago PMI Data
U.S. treasury bonds fell as Chicago’s manufacturing index rose more than analysts had expected, overshadowing another indicator displaying lackluster economic growth.
At 11 a.m. EDT, the 10-year Treasury note was down $2.50 per $1,000 in face value, or 8/32 point, from its level at 5 p.m. Wednesday. Its yield, which moves in the opposite direction, rose to 4.91 percent from 4.87 percent.
The 30-year bond fell 14/32 point. Its yield rose to 5.03 percent from 5.01 percent.
The 2-year note fell 2/32 point. Its yield rose to 4.92 percent from 4.89 percent. Read more
Original post by The Associated Press
Filed under Uncategorized by .



