Monday, May 7, 2007

U.S. Treasuries Are Little Changed After Final Auction of Three-Year Notes

(Bloomberg) -- Treasuries were little changed after the government's final auction of three-year notes sold at a 4.574 percent yield, close to traders' forecasts.

A Bloomberg News survey of seven primary dealer firms indicated the securities would price at a 4.572 percent yield. There was $2.39 worth of bids for every $1 sold, up from an average of $2.21 in the last 12 auctions.


Read more at Bloomberg Bonds News

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