UpInArms
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Wed Oct-19-05 07:53 AM
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20. Treasurys take cues from stocks, data ignored |
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http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38644.3675218287-846653537&siteID=mktw&scid=0&doctype=806&property=symb&value=&categories=&CHICAGO (MarketWatch) -- Benchmark Treasury notes remained firmer Wednesday morning because of stock futures weakness. The bond market largely shrugged off what typically would have been negative news for traders in a report that showed a jump in housing starts and building permits. Construction of new homes surged 3.4% to an annualized rate of 2.108 million, the highest level since February and exceeding the 1.970 million expected. At last check, the 10-year note was up 9/32, or a little more than $2.50 per each $1,000 of securities, at 98 15/32. Its yield fell to 4.44% compared to 4.48% Tuesday.
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