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30-year bonds fall before 3-year note auction, FOMC

NEW YORK : The price on US 30-year Treasury bonds fell on Tuesday ahead of a meeting of Federal Reserve policy-makers an
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By Imad Uddin
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NEW YORK: The price on US 30-year Treasury bonds fell on Tuesday ahead of a meeting of Federal Reserve policy-makers and a $32 billion auction of three-year notes.

The 30-year bond last traded down 22/32 in price in light, volatile trading after falling a point in early New York trading.

The 30-year bond yield was 3.70 percent, up nearly 4 basis points from late Monday. It touched 3.75 percent in overseas trading and hovered near its lowest levels since September 2010.

 

Copyright Reuters, 2011

 

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