|This email was sent to you by:|
Harry Chriest |
Mortgage News Daily
Email alerts, such as this one, are a free service
provided by Mortgage News Daily. If you would like to receive an alert when important news breaks
please register to join our community
Treasurys edge lower ahead of week of auctions
NEW YORK (MarketWatch) -- Treasury prices mostly slipped Monday ahead of a week filled with $70 billion worth of bond sales. The benchmark 10-year note yield, which rises as prices fall, was up slightly at 2.677%. The 30-year bond yield rose 1 basis point to 3.673%, and the 5-year note yield fell half a basis point to 1.457%. The Treasury Department will sell $30 billion of 3-year notes on Tuesday, $24 billion of 10-year notes on Wednesday, and $16 billion of 30-year bonds on Thursday. The market will also take direction from testimony by Federal Reserve Chairwomen Janet Yellen before the House of Representatives on Tuesday, where market participants largely expert her to take a dovish tone.
More from MND:
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.