NEW YORK, Dec 1 (Reuters) - U.S. Treasury debt prices trimmed gains on Thursday after the Institute for Supply Management's November survey came in above economists' expectations, but not by enough to boost a market that had risen earlier on tame inflation data.
The ISM's November survey was at 58.1, above expectations of 57.5 and also just a point below October's 59.1 result. The data suggest the nation's manufacturing sector was growing but at a slightly slower pace than in the prior month.
Benchmark 10-year Treasury notes were up 1/32 in price for a yield of 4.48 percent versus 4.49 percent on Wednesday.
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion
board, visitors agree to abide by the rules outlined on our Rules
page. Messages posted on the Democratic Underground Discussion Forums are the
opinions of the individuals who post them, and do not necessarily represent
the opinions of Democratic Underground, LLC.
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
