Watch out.. we may get some dollar strength from this..
Sept. 9 (Bloomberg) -- Treasuries rose, pushing down 10- year yields from near the highest level this month, on speculation Federal Reserve officials will signal the central bank will keep interest rates near zero to spur growth.
Ten-year notes gained for the first time in a week before the Fed releases its Beige Book today, in which directors may add to recent comments that they expect inflation to remain subdued. The Treasury will sell $20 billion of 10-year notes today, part of $70 billion of debt it is selling this week.
Sept. 9 (Bloomberg) -- Treasuries rose, pushing down 10- year yields from near the highest level this month, on speculation Federal Reserve officials will signal the central bank will keep interest rates near zero to spur growth.
Ten-year notes gained for the first time in a week before the Fed releases its Beige Book today, in which directors may add to recent comments that they expect inflation to remain subdued. The Treasury will sell $20 billion of 10-year notes today, part of $70 billion of debt it is selling this week.