Treasurys hold steady ahead of Fed meeting

AP News
Posted: Sep 16, 2011 4:20 PM
Treasurys hold steady ahead of Fed meeting

Treasury prices were little changed Friday ahead of a key meeting of the Federal Reserve's policy-making group next week.

Fed officials will meet to discuss options for stimulating the lagging economy. One possibility is a plan to exchange shorter-term Treasurys in the Fed's portfolio for longer-term ones. The goal is to push long-term interest rates lower.

The yield on the 10-year Treasury note was 2.07 percent at 4 p.m., down slightly from 2.08 percent late Thursday. Its price rose 16 cents per $100 invested.

The yield on the 30-year bond fell to 3.33 percent from 3.38 percent. Its price rose 59 cents.

The two-year Treasury note's yield was 0.18 percent versus 0.19 percent.

The three-month T-bill paid a yield of 0.01 percent, unchanged from late Thursday. Its discount wasn't available.