Tuesday, May 8, 2007

TREASURIES-Long bond leads market higher

(Reuters) - The Treasury will sell $13 billion sale of 10-year notes later on Tuesday, part of this week's $32 billion quarterly refunding auctions. On Monday, $14 billion worth of three-year notes hit the market.

By comparison, the Treasury will sell just $5 billion in 30-year bonds on Thursday, less than some had expected. Dealers said this has led some investors to pull out of bets that shorter maturities would outperform longer ones.


Read more at Reuters.com Bonds News

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