Strong Five-Year Auction Propels Bonds; Fed Minutes Show Dovishness On Rates
Treasuries rose Tuesday after a $42 billion auction of five-year Treasury notes attracted solid demand, indicating that investor interest in government debt remains high. Yields, which move inversely to prices, also moved lower after the latest economic data showed weakness in the recovery, while minutes from the most recent policy meeting of the Federal Reserve reinforced the view that the central bank would not raise interest rates in the near
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