Markets
Bonds erase most gains as stock futures inch up
NEW YORK : US Treasuries prices briefly erased a majority of their gains on Thursday as investors put on a tentative "
NEW YORK: US Treasuries prices briefly erased a majority of their gains on Thursday as investors put on a tentative "risk-on" trade, pushing S&P stock index futures into positive territory.
Benchmark 10-year Treasury notes were up 17/32 before the release of US housing and jobless claims data, briefly cut that gain to 2/32, before heading higher again.
Benchmark 10-year notes yielded 2.94 percent versus 2.97 percent late on Wednesday.
Copyright Reuters, 2011
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