(Bloomberg) -- Treasuries fell, pushing yields on
two-year notes up from their lowest this month, as the
government sold $18 billion of the securities in an auction and
the perceived risk of owning corporate bonds fell.
Two-year notes in particular had benefited from concern a
weak housing market would lead to losses for investors in
mortgage-backed securities. All Treasuries have yields lower
than the Federal Reserve's benchmark lending rate, which the
central bank is expected to leave at 5.25 percent at a two-day
meeting that starts tomorrow.
Read more at Bloomberg Bonds News
two-year notes up from their lowest this month, as the
government sold $18 billion of the securities in an auction and
the perceived risk of owning corporate bonds fell.
Two-year notes in particular had benefited from concern a
weak housing market would lead to losses for investors in
mortgage-backed securities. All Treasuries have yields lower
than the Federal Reserve's benchmark lending rate, which the
central bank is expected to leave at 5.25 percent at a two-day
meeting that starts tomorrow.
Read more at Bloomberg Bonds News
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