Disappointing Treasury auction sends storm cloud over market

03/26/2010 | Google

The debt market went into a slide after word got out about a dismal response to the U.S. Treasury Department's auction of five-year notes. Investors' lack of interest forced the yield up, a development that quickly spread across the entire Treasury bond market. The yield on 10-year bonds increased to 3.89%, its highest level since the summer.

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