Treasurys jump higher on discouraging US data

Thu, 29 Jul 2010 13:46:00 +0200

Treasurys jump higher on discouraging US data

FXstreet.com (Barcelona) - US debt prices rose on Wednesday, favoured by disappointing data on US Durable Goods, down 1% in July, together with slower growth signals in some of the Federal Reserve district banks.

Given the weakening turn in the news front, US stocks gave away gains from past sessions to enter negative territory. As a result, investors aimed to secure its capital, contributing to rise the demand for a $37 billion auction of 5-year notes.

The benchmark 10-year bond rose to 104-10/32, decreasing its yield below 3% to end at 2.99%, a 0.06 basis points decrease. The 30-year note declined its yield to 4.07% while the 5 and 2 year T-notes had a 1.77% and 0.62% finishing yield respectively.