30 Year Bonds Rise 1 Point After Home Builder Data

The price on U.S. 30-year Treasury bonds climbed a full point on Monday, testing their session highs, after data showed home builder sentiments were stuck at record low, suggesting more tough times ahead for the battered U.S. housing market.

The 30-year Treasury bond was up 1-1/32 in price in the wake of the December report from the National Association of Home Builders.

Its yield, which moves inversely to price, traded at 2.99 percent, not far above its record low set last week. It ended at 3.045 percent on Friday.

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