US bond prices tumble

Posted by 7Star Friday, March 27, 2009

US Treasuries fell on Wednesday, with benchmark yields reaching their highest levels in a week on concerns over a surge of debt supply to finance the ballooning US deficit. Losses extended on Wednesday afternoon after tepid demand in a record-large auction of five-year Treasury notes fuelled fears that investors may not have sufficient appetite to swallow all of the new supply.

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