Volume Light as Treasuries, Commodities Reopen Trading

New York's Financial District was still under rubble Thursday morning but the nation's capital markets crept back to life.

Treasury bonds became the first securities to change hands on a U.S. market since terrorists destroyed the World Trade Center and many investment firms on Tuesday. Commodities also resumed trading on a limited basis at the Chicago Board of Trade and Chicago Mercantile Exchange.

Two-year notes rallied, their yield falling to about 3%, while the benchmark 10-year bond swung in a full-point range amid concerns about insurance losses and the impact of the explosion on the U.S. budget and economy. Investors sought a safe haven in the short end, particularly with no definitive word on when stock trading would resume. ...