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Bonds mixed ahead of little economic reports

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-21
Bond prices were mixed Monday morning ahead of the handful of economic reports due this holiday week.

The benchmark 10-year Treasury note rose 2/32, or 63 cents on a $1,000 note, to yield 4.16 percent, unmoved from the previous session.

The 30-year climbed 6/32 to yield 4.52 percent, down slightly from 4.53 percent late Friday. Bond prices and yields move in opposite directions.

The five-year note was unchanged, yielding 3.69 percent, while the two-year note shed 1/32 to yield 3.35 percent.

The National Association of Homebuilders' November index, a gauge of homebuilder confidence, is scheduled for release at 1 p.m. ET. Concerns have grown about the U.S. economy and its battered housing sector.

Markets could get some direction from reports on housing starts and building permits on Tuesday, followed by jobless claims on Wednesday.

In currency trading, the dollar climbed against the euro and the yen.

The euro bought $1.465 in morning trading, down from $1.466 late Friday in New York. The dollar rose slightly to 110.59 Japanese yen.

It is the Thanksgiving break this week in the United States, and a three-day weekend in Japan - leading to thin trading, the Associated Press reported.

-- from staff and wire reports

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