Amid a quiet day on the U.S. economic front, treasuries showed a lack of direction during trading on Monday.
Bond prices spent much of the day lingering near the unchanged line before closing nearly flat. As a result, the yield on the benchmark ten-year note, which moves opposite of its price inched...
The Treasury Department kicked off this week's series of long-term securities auctions with the sale of $26 billion worth of two-year notes on Monday. The two-year note auction drew a high yield of 0.760 percent and a bid-to-cover ratio of 2.52.
Treasuries fluctuated over the course of the trading session on Friday before ending the day near the unchanged line. After seeing early weakness, bond prices turned higher as the day progressed but pulled back going into the close.
After moving to the downside early in the session, treasuries turned higher over the course of the trading day on Thursday. Bond prices climbed well off their early lows and managed to end the session modestly higher.
On Thursday, the Treasury Department announced the details of next week's auctions of two-year, five-year, and seven-year notes.
Treasuries moved back to the downside during trading on Wednesday, nearly offsetting the strength seen in the previous session. After coming under pressure in morning trading, bond prices regained some ground in the afternoon but remained in the red.
After ending the previous session roughly flat, treasuries moved to the upside over the course of the trading day on Tuesday. Bond prices moved higher early in the day and managed to remain positive throughout the session.
After seeing early strength, treasuries fluctuated over the course of the trading session on Monday before ending the day roughly flat. Bond prices pulled back off their early highs and spent the rest of the day lingering near the unchanged line.
Treasuries showed a notable move to the downside during trading on Friday, extending the sharp pullback off their recent record highs. Bond prices moved steadily lower over the course of morning trading before moving roughly sideways in the afternoon.
Following the rebound seen in the previous session, treasuries moved back to the downside during trading on Thursday. Bond prices came under pressure early in the trading day and remained stuck in the red throughout the session.
Treasuries moved notably higher during trading on Wednesday, regaining some ground following the sharp pullback seen over the two previous sessions. Bond prices showed a strong move to the upside in early trading and remained firmly positive throughout the day.
Following the auction of $20 billion worth of ten-year notes on Tuesday, the Treasury Department sold $12 billion worth of thirty-year bonds on Wednesday, attracting above average demand.
Extending the pullback seen in the previous session, treasuries move notably lower over the course of the trading day on Tuesday. Bond prices came under pressure early in the session and saw further downside as the day progressed.
The Treasury Department sold $20 billion worth of ten-year notes on Tuesday, attracting slightly below average demand. The ten-year note auction drew a high yield of 1.516 percent and a bid-to-cover ratio of 2.33.
Treasuries showed a lack of direction throughout much of the trading session on Friday before ending the day moderately higher. After bouncing back and forth across the unchanged line, bond prices moved to the upside going into the close.