Treasury 10-Year Notes Trade in Narrowest Range in Two Weeks
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Treasury 10-year notes traded in the narrowest range in more than two weeks as the U.S. government prepared to sell $72 billion in coupon-bearing securities this week.
U.S. debt yields climbed earlier today before the government sells $32 billion of three-year notes tomorrow, $24 billion in 10-year debt the following day and $16 billion in 30-year bonds on Feb. 14. U.S. President Barack Obama intends to use his State of the Union address this week to focus on job creation, marking a renewed emphasis on economic issues.