Treasury Prices Edging Up

The day is beginning on a quiet note as Treasury prices quietly move higher along with equity futures. Yields have dipped modestly with the Long Bond trading around 2.32% and the Ten-Year bringing 1.62%. The Two-Year is unchanged at 15 basis points while the rest of the yield curve is seeing its lowest yields of the week. Later this morning, Markit U.S. will announce its new Purchasing Managers’ Indices for both Services and Manufacturing and May’s readings are expected to show a little decline from April’s levels. The National Association of Realtors is also expected to announce that Existing Home Sales may have grown around 1% in April. Crude oil has rallied just over-a-dollar to $63.08 while gold’s $8 gain has taken that price to $1,885. DJIA futures are flashing triple-digit green.