ARCHIVED BLOG POSTS
The 5-year was +2/32 (1.762), the 10-year was -4/32 (3.129) and the 30-year was -18/32 (4.279). Yesterday's government bond sale elicited even greater demand than Tuesday's 2-year auction. Meanwhile, strength in equities weighed on longer dated bonds. In other news, April durable goods orders ...
There was little news on Friday other than the deteriorating saga of Greek debt, a story that is beginning to feel as old as the Acropolis. Markets were sorting through European solvency concerns causing the Dow to surrender 93.28 points. Meanwhile, the 10-year Treasury rose 6/32 (3.152%). Mor...