Treasuries Little Changed on Greece Talks Before U.S. Auction

Treasuries were little changed as European policy makers eased terms on loans to Greece and the U.S. prepares to sell $35 billion in two-year debt, the first of three auctions this week totaling $99 billion.

U.S. 10-year note yields fluctuated after a report showed orders for durable goods in October exceeded forecasts. U.S. securities were supported earlier today on speculation a plan agreed on by euro-area finance ministers for Greece to buy back its bonds will fail to contain the region’s debt crisis. The Federal Reserve bought $1.9 billion of Treasuries today and is acquiring as much as $18.9 billion in six purchases this week as part of its Operation Twist program to put downward pressure on long-term borrowing costs.