21 December 2001, 10:56 The short end of the U.S. Treasury market fell modestly
in price Thursday, pressured by stronger-than-expected initial jobless claims and
Philadelphia Fed index data for December. The long end, however, out
performed, supported by buybacks and the apparent death of President
Bush's stimulus package. By day's end, yields on benchmark treasuries
were mixed from 3:00 p.m. to 3:00 p.m. The 2Y yield rose 3.8 basis
points to end at 3.112%. The 5Y yield added 3.1 basis points to end at
4.399%. The 10Y yield rose 1.7 basis points to end at 5.055%. But the
30Y yield fell 1.5 basis points to end at 5.436%.
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