Summary Box: Interest rates rise in the bond market ahead of note auctions next week
By APFriday, March 19, 2010
Summary Box: Yields rise ahead of note auctions
MORE SUPPLY: Bond prices weakened late in the day, sending their yields higher, as traders looked ahead to a series of note auctions next week.
WHAT’S BEING SOLD: The Treasury will hold auctions next week for two-, five-, and seven-year notes.
STILL WATCHING THE FED: The Federal Reserve renewed its promise this week to keep short-term interest rates low for an “extended period.” But the biggest guessing game on the bond market now is trying to figure out when rates will eventually rise, which will hit bond prices.
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