Bonds News
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Treasuries snapped a decline from yesterday before the Federal Reserve begins a two-day policy meeting at which investors will be looking for signals as to when the central bank may slow the pace of bond purchases.
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President Barack Obama said Federal Reserve Chairman Ben S. Bernanke has stayed in his post “longer than he wanted,” one of the clearest signals the central bank chief will leave when his current term expires next year.
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Germany’s 10-year government bonds dropped for a second day before a report economists said will show investor confidence in the nation increased in June.
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China’s one-year interest-rate swaps rose to a 21-month high as the central bank refrained from adding cash to the financial system amid concern property prices will get out of control.
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