Bonds

Bonds Recoup Some Losses As Stocks Hit Session Lows

Reuters

Treasury debt prices shed losses to trade narrowly mixed Monday as stocks extended their losses to trade at session lows.

The benchmark 10-year Treasury note was trading 3/32 lower in price for a yield of 3.87 percent from 3.86 percent late Friday, while the 2-year Treasury note was trading 1/32 higher in price for a yield of 2.43 percent from 2.46 percent late Friday.

Bonds briefly fell after a stronger-than-expected April services indexfrom The Institute for Supply Management which put the massive non-manufacturing sector back into growth mode.

The Institute for Supply Management's non-manufacturing index came in at 52.0 in April versus 49.6 in March. A reading above 50 indicates growth in the service sector.