After suffering the largest weekly drop this year, treasury yields increased on speculation that the Federal Reserve will soon begin a program of asset purchases as part of its planned quantitative easing.
Ã¢â‚¬Å“The market is squarely focused on the Fed, as more easing seems expected,Ã¢â‚¬Â said Ian Lyngen, a government-bond strategist at CRT Capital Group LLC in Stamford, Connecticut. Ã¢â‚¬Å“The size and structure of more quantitative easing is still open for debate, and the market will be looking for clues until the Fed goes into its blackout period.Ã¢â‚¬Â
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