10-Year Note Yield Holds Below 4%
The 10-year Treasury
note closed below 4 % for five consecutive trading sessions.
Investors are speculating that the Federal Reserve may soon end its series of
interest rate increases. The government also stated that it will sell less debt
securities this week.
In northern Japan, a Holstein cow has been found as Japan’s 20th case of mad cow
disease infection. August Live Cattle closed at 83.575, up 0.15.
A lack of rain this weekend over the eastern half of the midwestern U.S. pushed
July soybeans higher by 2.5 cents to 6.777.
July coffee lost 0.0145 to $1.2410 on the mild weather forecast for Brazil’s
coffee crop.
The September yen closed higher at 0.9450 on the report that capital spending in
Japan gained more than 7% in the first quarter from a year ago.
Taiwan bought 58,000 tons of U.S. corn, according to the USDA today. July corn
finished at 220 3/4, up 2 1/2.