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Tuesday, November 10, 2009
Treasurys Gain Before 10-year-note Auction
By Deborah Levine
MarketWatch Pulse
NEW YORK -- Treasury prices rose on Tuesday, pushing yields down, as traders predict strong demand for the government's sale of a record $25 billion in 10-year notes during the session. The auction follows a very strong reception to Monday's 3-year debt sale. Yields on the current 10-year note fell 3 basis points to 3.46%. Bonds were also aided by a weak reading on a key German confidence index and Fitch Ratings warning that the U.K.'s AAA-credit could be downgraded.
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