Long-term Treasury’s rose in mid-day trading Friday as stocks inched lower. Shorter term notes were hardly changed. Investors are still waiting for any major trends or events that will move the market. Treasury’s investors are likely to see a concession before the government's $118 billion auction of notes next week. For the Latest information regarding World and Stocks news, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Long-term Treasury’s rose in mid-day trading Friday as stocks inched lower. Shorter term notes were hardly changed. The benchmark 10-year note rose 3/32 to 99-21/32 and its yield fell to 3.67%. The 30-year bond rose 12/32 to 100-29/32 and its yield fell to 4.57%. Bond prices and yields move in opposite directions. The 2-year note was flat at 99-26/32 with a yield of 0.99%. The 5-year note was little changed at 99-25/32 with a yield of 2.43%.
Stocks slipped Friday as investors hesitated after all three major indexes posted 18-month highs in the previous session. Otherwise, trading was slow, with no economic reports scheduled for release on Friday. Treasuries have been relatively unchanged the last few weeks as investors hold on, hesitant to fully believe in an economic recovery just yet.
Investors are still waiting for any major trends or events that will move the market. Treasury’s investors are likely to see a concession before the government's $118 billion auction of notes next week. Before a major supply issue, prices usually decline slightly. The auctions include $44 billion in 2-year notes on Tuesday, $42 billion in 5-year notes on Wednesday and $32 billion in 7-year notes next Thursday.
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