NEW YORK: Prices on the US 30-year Treasury bond turned positive on Thursday, erasing earlier losses, after weaker-than-expected data on existing home sales and US Mid-Atlantic business activity rekindled safe-haven demand for bonds.
The 30-year bond last traded up 1/32 in price at 108-12/32, yielding 2.59 percent. Prior to the data, it was down 19/32 with a 2.623 percent yield.
Comments
Comments are closed.