Friday, March 13, 2009

Treasurys pare losses

Treasurys pare losses, with long-dated Tsys moving off session lows in prices, as US stock futures bounce off session highs. Losses in Tsys are also capped ahead of the Fed policy meeting next week as speculation has risen that the Fed may follow the Bank of England to buy Tsys. The 10-year note is down 4/32 to 98 21/32 to yield 3.91% while the 30-year bond is down 11/32 to 97 7/32 to yield 3.65%. S&p futures up 3.

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