Interest rates rise as investors await government auction of $40 million in three-year notes
By APMonday, March 8, 2010
Rates edge higher as investors look to auction
NEW YORK — Interest rates edged higher in the bond market as investors prepared for the week’s debt auctions.
The Treasury plans to auction $40 million in three-year notes on Tuesday. Treasury prices often fall before more supply comes to market.
The yield on the 10-year Treasury note that matures in February 2020 rose Monday to 3.72 percent from 3.69 percent late Friday. Its price fell 9/32 to 99 7/32.
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