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Treasurys edge higherBond prices little changed, with no major economic reports slated for Monday; greenback slides.NEW YORK (CNNMoney.com) -- Bonds edged slightly higher Monday, while the dollar was down against the euro and the yen. The benchmark 10-year Treasury added 1/32, or $0.31 on a $1,000 note, to yield 4.59 percent, relatively unchanged from Friday.
The 30-year bond price rose 6/32, or $1.88 on a $1,000 bond, yielding 4.67 percent, also relatively unchanged from the previous session. The five-year note was up one tick, to yield 4.59 percent, while the two-year was unchanged, yielding 4.76 percent. There were no major economic reports slated for Monday, but the Conference Board's leading indicators number, a measure of economic strength, rose by 0.2 percent, in line with economists' expectations. The number suggests there will be slow growth in the U.S. economy in coming months. A holiday-shortened Thanksgiving week would likely continue to see subdued market activity, with trading closed on Thursday and likely to be muted in an abbreviated Friday session. The only major economic release, the University of Michigan's consumer sentiment index for November, is due Wednesday. In currency trading, the euro bought $1.2816, up from $1.2786 Friday, while the dollar bought ¥118.05, down from ¥118.12 in yesterday's session. -- from staff and wire reports. |
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