(Bloomberg) -- Treasuries extended their gains as a
gauge watched by the Federal Reserve showed slowing inflation.
The yield on benchmark 10-year notes fell 3 basis points,
or 0.03 percentage point, to 5.08 percent at 8:35 a.m. in New
York, according to bond broker Cantor Fitzgerald LP. The price
of 4 1/2 percent securities maturing in May 2017 rose 6/32, or
$1.88 per $1,000 face amount, to 95 17/32.
Read more at Bloomberg Bonds News
gauge watched by the Federal Reserve showed slowing inflation.
The yield on benchmark 10-year notes fell 3 basis points,
or 0.03 percentage point, to 5.08 percent at 8:35 a.m. in New
York, according to bond broker Cantor Fitzgerald LP. The price
of 4 1/2 percent securities maturing in May 2017 rose 6/32, or
$1.88 per $1,000 face amount, to 95 17/32.
Read more at Bloomberg Bonds News
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