Treasury prices slightly lower; Fed buys $7.8B


in this story

people
Barack Obama
organizations
Federal Reserve, CNBC
places
New York City
topics
Interest Rate

Federal Reserve: NEW YORK (AP) — Treasurys are inching lower in light trading despite another round of bond-buying from the Federal Reserve.

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Treasury prices had been slightly higher Tuesday ahead of the New York Fed’s $7.8 billion purchase.

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But soon after the Fed announced that it bought the Treasurys, prices slowly sank. In afternoon trading, the 10-year note is down 6.25 cents on the day for every $100 invested. The yield is hovering at 3.35 percent. Treasury yields have been rising steadily since ...

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