MW: Bank of England boosts asset purchases by 50 billion pounds
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices remained slightly higher on Wednesday, pushing yields lower for a third day, after the government said the trade gap for June widened to $27 billion from a decade low of $26 billion in the previous month. Yields on 2-year notes (UST2YR 1.17, -0.07, -5.51%) declined 2 basis points to 1.16%. Economists surveyed by MarketWatch predicted the trade gap would expand to $28.3 billion. Treasurys may remain in a tight range before an auction of a record $23 billion in 10-year notes (UST10Y 3.67, -0.11, -2.86%) and the Federal Reserve ends its two-day policy meeting. Analysts expect benchmark lending rates will remain low and will be focused on what policy makers say about the future of Treasury and mortgage-related debt buying programs.
