MW: Treasurys edge up ahead of wholesale-trade data
By Ben Eisen
NEW YORK (MarketWatch) -- Treasury prices turned slightly higher Friday before a wholesale-trade-data release on an otherwise quiet summer trading day. The benchmark 10-year Treasury note 10_YEAR -0.31% yield, which moves inversely to price, fell half a basis point to 2.584%, while the 30-year bond 30_YEAR -0.98% yield fell 1 basis points to 3.640%. The 5-year note 5_YEAR -0.29% yield fell 1 basis point to 1.355%. The market absorbed a slew of positive data this week that may influence the Federal Reserve's decision on when to scale back its bond-buying program. While market participants largely expect the so-called tapering to come this fall, questions remain about the size and composition of purchase reduction.
