Business & Finance
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
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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