Treasuries
Slip on Strong Chicago PMI
Reuters
Friday, January
30, 2004; 10:22 AM NEW YORK (Reuters) - U.S. Treasury prices erased some
early gains on Friday after a report showed surprisingly strong manufacturing
activity in the Chicago area.
After a knee-jerk reaction took longer maturities briefly lower, bond prices
managed to climb back above the break-even mark. The strength was partly due to
data released earlier showing the U.S. economy grew at a slower-than-expected
4.0 percent clip in the fourth quarter. The benchmark 10-year note was
up 5/32 price for a yield of 4.16 percent from 4.18 percent on Thursday's close.
Just last week, yields had been down at three-month lows of 3.92 percent. Prices
reacted little to a jump in U.S. consumer sentiment for January, which largely
matched analysts' forecasts. Continue with: | 
