Wednesday, 24 April 2013 01:29
Posted by Asad Naeem
NEW YORK: US Treasuries prices were little changed on Tuesday after a brief surge on a false Twitter message from the Associated Press that said there were two explosions at the White House.The tweet, which an AP spokesman called "bogus," raised concerns of another terror attack just a week after the Boston Marathon bombs and caused a short-lived scramble for safe-haven US bonds.When the AP tweet was retracted, buying of Treasuries faded, sending prices back to little changed.In an otherwise uneventful day for the bond market, benchmark 10-year Treasury notes were down 2/32 to 102-23/32 in mid-afternoon trading to yield 1.701 percent.The 10-year yield dropped to 1.643 percent after the false AP tweet circulated among traders, hitting its lowest intraday level since Dec. 12, according to Reuters data."When you have this story print when you're at the lows of the day (in price) and it takes you back to the ...