TREASURIES-Bonds pare price gains as stocks shed losses

Wed Nov 5, 2008 10:12am EST
 
[-] Text [+]

NEW YORK, Nov 5 (Reuters) - U.S. Treasury debt prices pared gains on Wednesday as stocks shed some losses, sapping the safe-haven bid for government debt despite a weaker than expected services sector index.

Benchmark 10-year Treasury notes US10YT=RR were trading 3/32 higher in price for a yield of 3.71 percent from 3.73 percent late on Tuesday, while 2-year notes US2YT=RR_were flat in price for a yield of 1.38 percent. (Reporting by Chris Reese; Editing by Theodore d'Afflisio)

 
Actors Vincent Curatola (L), Steven Van Zandt (C) and Tony Sirico from "The Sopranos" arrive at the 14th annual Screen Actors Guild Awards in Los Angeles January 27, 2008. REUTERS/Mario Anzuoni
Wall St meets "The Sopranos"

Details of an alleged insider trading ring read like the script of a mobster drama, full of coded nicknames, disposable cell phones and paranoia about informants. But in the end, all of the precautions were for naught.  Full Article 

Featured Broker sponsored link

REUTERS/Chip East
Insider sales not a sell signal this time

Corporate bosses are likely to sell more of their companies' stock through the end of the year, but that does not mean stock prices have reached a peak.  Full Article