US Treasury prices fall ahead of auction
Published February 23rd, 2007
Treasury bond prices fell Thursday as investors sold ahead of the five-year Treasury auction and in the aftermath of Wednesday’s inflation data that came in stronger than expected.
At midday, the 10-year Treasury note was down $2.81 per $1,000 in face value, or 9/32 point, from its level at 5 p.m. Wednesday. Its yield, which moves in the opposite direction, rose to 4.73 percent from 4.69 percent. That marked its highest level in a week.
The 30-year bond fell 18/32 point. Its yield rose to 4.83 percent from 4.79 percent.
The newly issued 2-year note yielded 4.85 percent, up from 4.84 percent Wednesday for the previous note.
Yields on 3-month Treasury bills were 5.18 percent as the discount rate rose 0.01 percentage point to 5.05 percent.
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