Treasuries Shed Commodity-Related Losses as Stocks Sag

Treasuries ended unchanged thanks to the late-day selloff in stocks. Earlier in the session, they were under pressure as a key commodity price index bounded to a two-year high, highlighting inflationary pressures in the economy.

At various points during the session, bond traders turned their attention to the Treasury Department's latest buyback, and to a rumor, swiftly declared false, that Fed Chairman Alan Greenspan had been in a car accident. But neither the buyback nor the rumor affected prices.

The benchmark 10-year Treasury note was unchanged at 102 26/32 in late trading, its yield 6.107%. The 30-year bond was unchanged at 103 30/32, its yield 5.967%. ...