March 10, 2010 at 18:46 PM EST
Treasury Chalks Up Solid 10-Year Auction, But Narrow-Trading Bonds Lose Ground
Treasuries slipped Wednesday as traders cut prices to draw buyers to maturities being auctioning this week. Price cuts helped attract solid demand for the $21 billion in securities the Treasury sold Wednesday, a reopening of a 10-year note issue it auctioned in early February. Prices rose a bit from session lows when it became clear that Wednesday's auction had drawn solid interest. But price markups were constrained with the Treasury set to sell
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