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(From FT Investor (Stories))
Government bonds ended 2002 with a mixed performance, reflecting investors' uncertainty about the world economy and the course of geopolitical events.
The Japanese bond market and most markets in Europe have been closed since Monday, but there were half-day trading sessions on Tuesday in the US and the UK.
US Treasury bond prices moved lower on Tuesday, reversing early gains, in an abbreviated session ahead of the New Year's public holiday.
Prices had moved higher early in the day after the release of a softer than expected reading on consumer sentiment. The Conference Board's index of consumer confidence fell to a reading of 80.3 in December from a revised 84.9 in November.
The confidence report came one day after two other releases that suggested the housing market and regional manufacturing activity had also softened in recent weeks.
But Treasury prices fell before the 2pm end of trading, with the benchmark 10-year Treasury note falling 7/32 to 10115/32, to yield 3.82 per cent, while ...