Reply #71: Weakened Treasurys fall more on strong Philly Fed index [View All]

[UpInArms]

http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38645.5085049653-846866545&siteID=mktw&scid=0&doctype=806&property=symb&value=&categories=&

CHICAGO (MarketWatch) -- The benchmark 10-year Treasury note extended its price decline after the release of a Philadelphia-area manufacturing gauge that topped estimates with its strong rebound in October from a month earlier. The 10-year government note was last 5/32 lower at 98 4/32, yielding ($TNX) 4.49% vs. 4.47% Wednesday. The Philly Fed index rose to 17.3 from 2.2. The report's inflation components also proved bond-negative. Prices received increased to 32.6 from 8.6, while prices paid rose to 67.6 from 52.7.