The Traderszone Network

Published in TZ Latest News 26 March, 2015 by The TZ Newswire Staff

Treasuries Slide For Second Session On Weak Demand

Demand at a U.S. debt auction slumped to the least since 2009 for a second straight day, pushing Treasury yields up from six-week lows. Buyers backed off after a rally had raised prices following the Federal Reserve’s announcement last week that it reduced its estimates for interest rates and economic growth. Fed Bank of Atlanta President Dennis Lockhart said the economy can handle moving to a higher-rate environment.

read more