Treasuries Lose Ground in Thin Trade

Traders stayed on the sidelines following Greenspan's testimony -- and ahead of the Fed's rate meeting

Treasuries rolled over and played dead to round out the week, with Federal Reserve Bank Chairman Alan Greenspan's testimony out of the way and the Federal Open Market Committee just ahead. Durable goods orders jumped 2.2%, but this will not keep the Fed from slashing rates by 50 basis points as it "was all air" -- a 94.4% jump in aircraft orders, without which the aggregate would have fallen 3.0%.

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