Three-Year Note Auction Draws Solid Bid, Lifting Other Maturities; China Still Buying
Treasuries rose modestly Tuesday, aided by hedging before a heavy schedule of corporate bond issuance and encouraged by a well-bid three-year Treasury auction. Analysts pointed to soothing news on details of the Federal Reserve's exit strategy plans as well as reassurances that China would continue to buy Treasuries. The head of China's currency reserve management office emphasized that China would continue to buy Treasury debt. Treasuries widened
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