Home
Monday, October 19, 2009
Treasurys Down Before Bernanke Speech
By Deborah Levine
MarketWatch Pulse
NEW YORK -- Treasury prices fell on Monday, pushing yields up, before a speech from Federal Reserve Chairman Ben Bernanke. Yields, especially on short-term securities, rose as analysts dissected a story in Barron's calling for the Fed to raise rates to 2% from the current range of zero to 0.25%. "Global sovereign bond markets are softer with a Barron's cover story calling on the Fed to begin tightening policy contributing to the weaker tone," said strategists at Brown Brothers Harriman. Still, Bernanke "could reiterate today that the Fed is likely to leave rates on hold for an extended period." Yields on 10-year notes rose 2 basis points to 3.43%.
Copyright © 2009 MarketWatch, Inc.
Fox Business Video
-
-
The Crisis With 20/20 Hindsight
-
Nov 21, 2009
FOXBusiness.com LIVE
-
-
-
Jerry Rice Talks Career
-
Nov 21, 2009
NFL Receiver on career on the gridiron
-
-
-
John O'Hurley as Venture Capitalist
-
Nov 21, 2009
Comedian on life as venture capitalist
-
-
-
Excess Spending in Congress
-
Nov 21, 2009
Saving $100 Million
-
-
-
Cavuto Business Report 11-20-09
-
Nov 21, 2009
Business Report: Cavuto
-
