Friday, April 20, 2007

Treasury Bonds End Flat On Friday, Friday, April 20, 2007 3:36:18 PM

Treasury bonds were largely unchanged on Friday, as a lack of economic news left little reason to trade. A rally on Wall Street pulled money out of fixed income, but buyers stabilized the market during the afternoon.

After halting a recovery with a lower finish on Thursday, bonds edged higher at the outset of Friday`s session. A strong open on Wall Street sparked selling in bonds, as traders moved money into the stock market. Buyers returned to fixed income during the afternoon ahead of economic data due out next week.

The 10-year yield finished at 4.672%, a gain of less than a basis point on the day. Bonds dipped on Thursday after 3 days of gains. The recovery in the first half of the week took the 10-year treasury off a 2-month low set last week.
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