(Bloomberg) -- Treasury two-year notes were little
changed, paring earlier gains, after a rebound in U.S. stocks
helped ease concern that demand for riskier assets is declining.
The yield on $18 billion of two-year notes sold in an
auction yesterday rose 2 basis points, or 0.02 percentage point,
to 4.91 percent at 3:30 p.m. in New York, according to bond
broker Cantor Fitzgerald LP. The yield touched 4.81 percent, the
lowest since May 22. The price of 4 7/8 percent notes maturing
in June 2009 fell 1/32, or 31 cents per $1,000 face amount, to
99 30/32.
Read more at Bloomberg Bonds News
changed, paring earlier gains, after a rebound in U.S. stocks
helped ease concern that demand for riskier assets is declining.
The yield on $18 billion of two-year notes sold in an
auction yesterday rose 2 basis points, or 0.02 percentage point,
to 4.91 percent at 3:30 p.m. in New York, according to bond
broker Cantor Fitzgerald LP. The yield touched 4.81 percent, the
lowest since May 22. The price of 4 7/8 percent notes maturing
in June 2009 fell 1/32, or 31 cents per $1,000 face amount, to
99 30/32.
Read more at Bloomberg Bonds News
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