Tuesday, May 8, 2007

Treasuries Gain Before Auction, Federal Reserve's Interest-Rate Meeting

(Bloomberg) -- U.S. Treasuries gained before an auction today of 10-year notes and a Federal Reserve policy meeting tomorrow.

Economists predict policy makers will keep the target for the overnight lending rate between banks unchanged at 5.25 percent, according to a Bloomberg News survey. The government will auction $13 billion of securities today, after selling $14 billion of three-year notes yesterday at yields close to dealer forecasts.


Read more at Bloomberg Bonds News

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