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Thursday March 25, 12:47
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Treasurys get lift, dollar holds gain on package report
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Treasurys got a small lift, while the dollar held the bulk of its gains against its European rivals after reports of an explosive package, later neutralized, found on French railroad tracks. Lower-risk bonds gained in price, while the 10-year yield remained near eight-month lows, at 3.67 percent. Mixed economic data and hawkish interest-rate comments from a regional Fed president had tugged bonds in two directions Wednesday. Geopolitical worries had been dollar-negative recently, but traders said focus remained on speculation for a European Central Bank interest-rate cut, which pressured the European currencies on Wednesday. The dollar was up 0.9 percent vs. the euro, at $1.2228. The dollar even remained higher against the "safe-haven" Swiss franc, but did pare its gain. One dollar was valued at 1.2671 francs, a gain of 0.8 percent.
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