Friday 25 May 2012

U.S.TREASURY

U.S. Treasuries prices drifted lower on Thursday after a well-received auction of seven-year notes and as traders prepared for an abbreviated session ahead of a long holiday weekend.
Seven-year notes, last down 2/32 in price to yield 1.176 percent, are among the most sensitive to speculation over further quantitative easing by the Federal Reserve as they have benefited from the Fed’s bond purchases.
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