Friday, 11 May 2012

U.S.TREASURY

U.S. Treasury debt prices dropped on Thursday as stronger-than-expected U.S. jobless claims data and a pause in the steady stream of worrying news from Europe helped ease appetite for safe-haven government debt.
The sale of 30-year bonds notched a high yield of 3.090 percent, slightly below the yield in the when-issued market  before the auction. The when-issue market is considered a proxy for where the high yield will come in at auction.
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