(Reuters) - NEW YORK, July 2 - U.S. Treasury debt prices rose
and yields sank to three-week lows on Monday as short-covering
and a safety bid outweighed a negligible reaction to slightly
stronger-than-expected data on the U.S. manufacturing sector.
"The fact that the market did almost nothing on somewhat
stronger ISM numbers sparked short-covering in
a quiet pre-holiday market so here we sit with some small
gains, settling into a range," said John Canavan, analyst at
Stone and McCarthy Research Associates.
Read more at Reuters.com Bonds News
and yields sank to three-week lows on Monday as short-covering
and a safety bid outweighed a negligible reaction to slightly
stronger-than-expected data on the U.S. manufacturing sector.
"The fact that the market did almost nothing on somewhat
stronger ISM numbers sparked short-covering in
a quiet pre-holiday market so here we sit with some small
gains, settling into a range," said John Canavan, analyst at
Stone and McCarthy Research Associates.
Read more at Reuters.com Bonds News
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