U.S. Treasury prices rose on Monday amid investor anxiety over negotiations between Greece and its creditors over the terms of a 240-billion-euro bailout for the cash-strapped nation.
This week’s $90 billion worth of fixed-rate in two-year, five-year and seven-year issues, in addition to $13 billion in two-year floating-rate supply, limited the market’s gains.
The bond market was also digesting last week’s rally with the two-year yield posting its biggest drop since December 2010 after the Federal Reserve downgraded its assessment of the economy and the expected path of rate increases into 2017.
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