Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
BS: Treasurys lower before auction of 10-year notes
 
By Deborah Levine, MarketWatch
NEW YORK (MarketWatch) -- Treasury prices slid on Wednesday, pushing yields up to the highest level in two weeks, on concern that the government's sale of 10-year notes during the session won't be as well-received as Tuesday's 3-year auction.

Yields on the current 10-year notes (UST10Y 3.70, -0.02, -0.46%) increased 2 basis points to 3.72%. It touched the highest level on a closing basis since Feb. 22. Bond yields move inversely to prices and a basis point is 0.01%.

Yields on 2-year notes (UST2YR 0.87, -0.02, -2.69%) were little changed at 0.88%.

"The 10-year won't have the same ease that the 3-year did yesterday, but this isn't likely to be a tough auction either," said strategists at RBS Securities.

The Treasury Department will accept bids for the auction until 1 p.m. Eastern.

It's the second of three notable debt sales this week, following a good reception to Tuesday's sale of 3-year debt (UST3YR 1.37, -0.04, -2.49%) . See more in Tuesday's bond column.

The government will end the week's sales with 30-year bonds (UST30Y 4.68, -0.01, -0.19%) on Thursday.

The 10-year and 30-year sales are reopenings, meaning the debt sold will carry the same coupon and maturity date as the original securities issued quarterly -- in this case, last month.

The amounts of 10-year notes and 30-year bonds match what was sold at the last reopenings, in January.

Source