Treasury 10-Year Yield at Almost One-Week Low on Fed Speculation

Treasury 10-year note yields traded at almost the lowest level in almost a week as Federal Reserve officials debated the pace of asset purchases amid mixed economic data.

The benchmark notes were little changed before a report that economists project will show U.S. consumer confidence rose. Reports yesterday had shown housing starts fell and initial claims for jobless insurance climbed. Fed Bank of San Francisco President John Williams said yesterday the central bank may begin to slow bond purchases as early as this summer. The difference between yields on 10-year notes and similar-maturity Treasury Inflation Protected Securities reached the lowest level since August, indicating reduced concern about rising prices.