Summary Box: Treasurys rise after Fed announcement

AP News
|
Posted: Oct 13, 2010 5:52 PM
Summary Box: Treasurys rise after Fed announcement

FED MOVES TREASURYS: The Federal Reserve said it would buy $32 billion in Treasurys over the next month using the cash from the mortgage bonds already on its books. It's not the big move bond traders are waiting for, but it still helped push Treasury prices up.

THE 10-YEAR JUMPS: The 10-year note rose 12.5 cents to $101.65, lowering the yield to 2.42 percent. Earlier in the day, the Treasury sold $21 billion in Treasurys to investors at a 2.47 percent yield, the lowest rate since Jan. 2009.

LAST CALL: The last of this week's three Treasury auctions is scheduled for Thursday. The government plans on selling $13 billion in 30-year bonds.