Treasury prices rallied sharply yesterday morning on good inflation news and added to those gains when weak money supply statistics were released late in the day.

The 30-year bond closed a full point higher, where it yielded 7.91%, its lowest closing level since late December 1989.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.