04/15/10

Permalink Treasurys under pressure after Bernanke, Beige Book

Long-term Treasury prices came under pressure on Wednesday, pushing yields up slightly, after Federal Reserve Chairman Ben Bernanke said he continues to forecast a moderate economic recovery. Short-term notes held onto earlier gains notched after a report showing consumer prices rose 0.1%, easing concerns that inflation will force the Federal Reserve to raise interest rates soon.

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