2012.05.31 16:29:15 MARKET TALK: Classic-Bond Futures Hit All-Time High After PMI

10:29 (Dow Jones) September classic Treasury futures, the new lead-month contract, surges to a record high as the ISM-Chicago business barometer suggests the US economy might be headed back to recession. Classics cover 15-25yr maturities, which is where investors can find higher rates of return. September futures reach 150-05, improving on Wednesday's peak of 149-28. Meanwhile, 10-year futures for September, the new lead-month issue, hit a contract high of 134-00+. June reached 134-25 on Wednesday. (howard.packowitz@dowjones.com) Call us at (212) 416-2354 or email kevin.kingsbury@dowjones.com (END) Dow Jones Newswires May 31, 2012 10:29 ET (14:29 GMT)