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Treasurys lower ahead of remarks by Dallas Fed's Fisher


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NEW YORK (MarketWatch) - Treasury prices were under pressure Monday, sendng yields higher, ahead of remarks by Dallas Federal Reserve President Richard Fisher. The regional Fed official is expected to speak on the state of the Texas economy, but he could address monetary policy, if there is a questions and answers session. Earlier this month Fisher soothed the fixed-income market by saying inflation may have peaked. The 10-year benchmark Treasury note fell 5/32 to 100-6/32 with a yield of 4.599%, up from 4.581% in late trade on Friday. There are no scheduled U.S. economic data reports on Monday.

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