(Bloomberg) -- U.S. Treasuries were little changed
after minutes from the Federal Reserve's most recent meeting
revealed that policy makers forecast that consumer spending will
grow at a ``more moderate pace.''
The yield on the benchmark 10-year note fell 2 basis points,
or 0.02 percentage point, to 4.86 percent at 2:080 p.m. in New
York, according to bond broker Cantor Fitzgerald LP. The price of
the 4 1/2 percent security due May 2017 gained 1/8, or $1.25 per
$1,000 face amount, to 97 1/8. Bond yields move inversely to
prices.
Read more at Bloomberg Bonds News
after minutes from the Federal Reserve's most recent meeting
revealed that policy makers forecast that consumer spending will
grow at a ``more moderate pace.''
The yield on the benchmark 10-year note fell 2 basis points,
or 0.02 percentage point, to 4.86 percent at 2:080 p.m. in New
York, according to bond broker Cantor Fitzgerald LP. The price of
the 4 1/2 percent security due May 2017 gained 1/8, or $1.25 per
$1,000 face amount, to 97 1/8. Bond yields move inversely to
prices.
Read more at Bloomberg Bonds News
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