MW: Treasurys down after Bernanke points to exit plan
By Deborah Levine
NEW YORK (MarketWatch) -- Short-term Treasury prices edged slightly lower in early trading Friday, pushing yields up, after Federal Reserve Chairman Ben Bernanke emphasized the central bank will tighten monetary policy when the time is appropriate. Analysts also noted that the market continued to digest the large note and bond auctions from the week, after Thursday\'s sale of 30-year bonds (UST30Y 4.09, +0.09, +2.22%) went poorly and sent the broader market down. Two-year note yields (UST2YR 0.88, +0.03, +3.27%) , which move inversely to prices, rose 2 basis points to 0.91%.
