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Wednesday, November 04, 2009
Short-term Treasurys Pare Loss After Fed
By Deborah Levine
MarketWatch Pulse
NEW YORK -- Short-term Treasury prices pared a decline on Wednesday, after the Federal Reserve ended its policy meeting and said it expects to keep interest rates low for an extended period. Yields on 2-year notes was little changed at 0.91%, after reaching 0.96% earlier in the session. The Fed kept its target rate at a range of zero to a quarter-percentage point and said the economy will remain weak for some time and inflation pressures are low. The Fed also reduced the amount of housing agency debt it would buy as part of its ongoing mortgage-debt buying programs because of limited availability of the securities.
Copyright © 2009 MarketWatch, Inc.
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