Treasury 10-year yields traded close to 2 percent amid speculation minutes of the Federal Reserve’s latest policy meeting will provide more detail on the timing of a withdrawal of stimulus.
U.S. government securities extended last week the worst start of a year for benchmark 10-year notes since 2011 amid signs America’s economic recovery is gaining momentum. The Fed will buy as much as $1.75 billion in bonds today including 30- year securities sold last week as part of its program to spur the economy. The Treasury will auction $9 billion of 30-year inflation-index debt on Feb. 21.
Treasury 10-year yields traded close to 2 percent amid speculation minutes of the Federal Reserve’s latest policy meeting will provide more detail on the timing of a withdrawal of stimulus.
U.S. government securities extended last week the worst start of a year for benchmark 10-year notes since 2011 amid signs America’s economic recovery is gaining momentum. The Fed will buy as much as $1.75 billion in bonds today including 30- year securities sold last week as part of its program to spur the economy. The Treasury will auction $9 billion of 30-year inflation-index debt on Feb. 21.
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Dean Popplewell
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