Sunday, June 7, 2009

Treasury prices move higher after Fed's purchase operation


From Money.cnn.com

Treasury prices rose Wednesday after the Federal Reserve's purchase of government debt and Fed Chairman Ben Bernanke's comments about the national deficit.

The rally gained steam as stocks sold off in afternoon trading.

The benchmark 10-year note rose 19/32 to 96 17/32 and its yield fell to 3.55%. Bond prices and yields move in opposite directions. The 30-year bond edged up 23/32 to 96 29/32 and its yield dipped to 4.44%


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