Home
Wednesday, October 21, 2009
Treasury Down Before Fed Buyback, Beige Book
By Deborah Levine
MarketWatch Pulse
NEW YORK -- Treasurys prices edged lower early Wednesday, pushing yields up, before one of the Federal Reserve's last buybacks of U.S. debt. The central bank is expected to buy about $1 billion in securities maturing between 2026 and 2039. Later in the session, the Fed's Beige Book will be parsed for hints about the sustainability of the economy's recovery. Yields on 10-year notes rose 2 basis points to 3.36%.
Copyright © 2009 MarketWatch, Inc.
