Market Commentary and Intraday News
Treasurys jump after Fed minutes suggest action
273 days ago
By The Associated Press
Treasury prices are rising following news that the Federal Reserve weighed more help for the economy.
The price of the 10-year Treasury is up 93.7 cents for every $100 invested late Wednesday. The yield sank to 1.70 percent from 1.81 percent late Tuesday.
The minutes from the Federal Reserve's last meeting showed that many members believed more support was needed to help the economic recovery, unless it began building significant strength.
The report helped push up Treasury prices. Traders largely interpreted the Fed's minutes as a sign the Fed will start buying more bonds soon.
The 30-year Treasury bond rose $1.84 for every $100. Its yield fell to 2.81 percent from 2.91 percent late Tuesday.
The yield on the two-year note slipped to 0.27 percent from 0.29 percent.
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