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>> THE NEW YORK TIMES Latest News

SEP 24, 2013 - MarketWatch

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Treasurys hold gains after 2-year auction

NEW YORK (MarketWatch) -- The Treasury Department sold $33 billion in 2-year notes Tuesday at a yield of 0.348%. Bidders offered to buy 3.09 times the amount of debt sold, compared to an average of 3.21 times at the last six sales. Indirect bidders, a group that includes foreign central banks, bought 24.0%, versus 24.8% in recent sales. Direct bidders, which include domestic money managers, purchased another 21.8%, versus an average of 18.7%. The broader bond market remained higher after the auction. Yields on 10-year notes , which move inversely to prices, fell 5 basis points on the day to ... Read More

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