Markets

Bonds rise before 2-year auction, Fed meeting

Published Updated

The Fed will end a two-day policy meeting with a statement at 12:30 p.m. (1630 GMT) on Wednesday and a news conference by Fed Chairman Ben Bernanke at 2:15 p.m. (1615 GMT).

The Treasury will auction $35 billion in two-year notes at 1 p.m. (1700 GMT), $35 billion in five-year notes on Wednesday, and $29 billion in seven-year notes on Thursday.

Copyright Reuters, 2011