Summary Box: Interest rates remain higher after moderate demand at auction of 10-year notes

By AP
Thursday, May 13, 2010

Summary Box: Rates rise after 10-year note auction

ECONOMIC READ: Interest rates climbed in the bond market Wednesday as positive exports data raised expectations about the U.S. economy.

AUCTION RESULTS: The government sold $24 billion in 10-year notes. The bid-to-cover ratio, a measure of demand, was moderate at 2.96.

ONE MORE TO GO: The government is selling $16 billion in 30-year bonds on Thursday, the last of $78 billion in sales this week.

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