U.S. Treasuries Steady Before Auctions Totaling $32 Billion, Fed Meeting

(Bloomberg) -- Treasuries were little changed as dealers prepared to underwrite the first of three quarterly debt sales totaling $32 billion this week.

Declines in Europe's government bonds also put pressure on U.S. securities, whose yields exceed comparable European debt by historically narrow margins. The yield spreads have compressed amid expectations the European Central Bank will raise interest rates further, while the Federal Reserve is forecast to keep borrowing costs unchanged at its next meeting on May 9.


Read more at Bloomberg Bonds News