U.S. government Treasury Notes
Published February 8th, 2007
U.S. government debt prices were steady to lower early on Wednesday after rising the previous session, as traders moved to lower prices ahead of an auction of new 10-year notes.
An auction of $16 billion of new three-year notes on Tuesday, the first leg in the Treasury’s $38 billion refunding, found decent demand and helped give bond prices a boost.
The Treasury will auction $13 billion of 10-year notes on Wednesday and $9 billion of 30-year notes on Thursday.
Ahead of Wednesday’s auction, bond prices fell slightly, with the benchmark 10-year note
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