Summary Box: Treasurys flat on tepid growth signs

AP News
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Posted: Oct 20, 2010 5:41 PM
Summary Box: Treasurys flat on tepid growth signs

TEA LEAVES: Treasury traded flat on Wednesday, as traders looked for signs the Federal Reserve will jump into the bond market with each new economic report.

JUST BEIGE: The Fed's Beige Book survey, released Wednesday, showed tepid growth. Seven of the Fed's 12 regions reported modest improvement. The rest were sluggish.

STEADY 10-YEAR: The yield on the benchmark 10-year note ended the trading day at 2.48 percent, the same as the day before. Its yield is a widely used benchmark for mortgages and corporate borrowing.