Tags: Treasurys | fall | Declines

Treasurys Fall in Longest Run of Declines Since at Least 1985

Tuesday, 20 Mar 2012 02:19 PM

Treasury 10-year notes fell for a 10th consecutive trading day, the longest stretch of declines since at least 1985, as investors bet a strengthening economy will diminish the refuge appeal of U.S. government securities.

Bonds rose earlier as yields climbed to levels that lured investors. The Federal Reserve bought $1.97 billion of Treasurys maturing from February 2036 to February 2042.

“The market is trying to establish fair value for Treasury debt,” said Christopher Sullivan, who oversees $1.9 billion as chief investment officer at United Nations Federal Credit Union in New York. “We are in a new range, 2.25 to 2.5 percent.”

Yields on 10-year notes rose one basis point, or 0.01 percentage point, to 2.39 percent at 1:52 p.m. New York time, according to Bloomberg Bond Trader prices. They touched 2.33 percent earlier.

© Copyright 2016 Bloomberg News. All rights reserved.

1Like our page

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved