Thursday, 17 May 2012

U.S.TREASURY

U.S. Treasuries prices were steady to higher in another choppy session on Wednesday as news that the European Central Bank cut off funds to cash-strapped Greek banks and bond-friendly minutes from the Federal Reserve’s April meeting supported bids for low-risk government bonds.
In the cash market, the benchmark 10-year Treasury note  last traded up 2/32 at 99-28/32 in price with a yield of 1.76 percent, down nearly 1 basis point on the day.
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