Summary Box: Treasury prices dip after reassuring signs on jobs, service sector growth
By APWednesday, August 4, 2010
Summary Box: Treasury prices dip as economy grows
GROWING ECONOMY: Key reports were seen as evidence that the economy is still growing. Payroll company ADP said private employers modestly increased hiring last month, while the Institute for Supply Management’s service sector index rose unexpectedly in July.
YIELDS EDGE HIGHER: The yield of the 10-year note rose to 2.96 percent from 2.92 percent late Tuesday, while the yield on the 30-year bond rose to 4.08 percent from 4.05 percent.
MORE UPBEAT NEWS: The latest batch of earnings were also largely better than expected.
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