Treasury prices remained up and pressure on the dollar grew on Friday after the Institute for Supply Management's index on the U.S. manufacturing sector showed the industry expanded at a slower pace than expected in May.
Treasury prices remained up and pressure on the dollar grew on Friday after the Institute for Supply Management's index on the U.S. manufacturing sector showed the industry expanded at a slower pace than expected in May. The dollar index , which measures the greenback's moves against a basket of six major currencies, traded at 82.851, down from 82.891 before the data and 83.035 in North American trade late on Thursday. The euro rose to $1.2417, versus $1.2407 earlier and $1.2369 Thursday. Yields on 10-year notes , which move inversely to prices, fell 7 basis points to 1.49% -- after setting a new low earlier following the U.S. payrolls report.
web feeds
