CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
TRADING
CENTER

Bonds ease ahead of Fed, auction

Treasury prices dip ahead of the central bank's policy statement and the sale of 5-year notes.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

Bailout tracker
Follow the money: Bailout tracker
The government is engaged in a far-reaching - and expensive - effort to rescue the economy. Here's how you can keep tabs on the bailouts. More

NEW YORK (Reuters) -- U.S. Treasurys fell Wednesday in volatile trading dominated by repositioning ahead of an auction of five-year notes and the Federal Reserve's upcoming policy statement.

The Fed's policy statement is due around 2:15 p.m. and investors are eagerly awaiting its views on how the economic recovery is shaping up and how long the U.S central bank will keep rates near zero to foster growth.

However, the market also reflected its nervousness amid the week's record $104 billion in Treasury auction, which continues with $37 billion in 5-year notes coming to market on Wednesday. The results are due around 1 p.m.

This auction will be followed by $27 billion in 7-year notes on Thursday. Meanwhile, strong business investment data, reflected by durable goods orders, bolstered hopes an economic recovery was nearer.

"Bond prices got whacked on durable goods orders and bounced from the bottom," said Ward McCarthy, managing director and economist at Stone & McCarthy Research Associates in Princeton, New Jersey.

"Positions are probably messy with two auctions coming up and also the FOMC policy statement coming this afternoon. That all has something to do with it."

The benchmark 10-year Treasury note was last down just 2/32 in price, yielding 3.64% versus Tuesday's close of 3.63%.

After briefly turning flat on the day, the 30-year Treasury bond was last down 12/32 on the day, yielding 4.38% versus Tuesday's close of 4.36%. Earlier it was down a full point on the day. To top of page

Features
Markets Last Change
Dow Jones 10,246.97 20.03 / 0.20%
Nasdaq 2,151.08 -2.98 / -0.14%
S&P 500 1,093.01 -0.07 / -0.01%
10-year Bond 101 6/32 Yield: 3.47%
U.S.Dollar 1 euro = $1.503 0.004
November 10, 2009 12:00 AM ET
CompanyPrice% Change
Beazer Homes USA Inc 5.11 8.96%
Fluor Corp 44.27 -7.79%
YRC Worldwide Inc 1.10 -6.78%
ArvinMeritor Inc 9.23 6.22%
Nov 10 3:53pm ET †
More Galleries
6 most fuel-efficient cars These vehicles top their class in fuel economy while offering strong performance, too. More
Pieces of Madoff Many of Bernie Madoff's victims would like to have a piece of the felonious financier. Now they can. This week hundreds of his and Ruth's possessions go up for auction. More
Inside Donald Trump's private jet The real estate mogul's upgrading to a larger private jet, so his 1968 Boeing 727, estimated to cost between $4 million and $8 million, is on the market. More

Copyright 2009 Reuters All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.