Bonds Mixed

Treasuries were mixed on Tuesdays, with long-dated treasuries gaining and the 3-year note auction meeting expectations

Treasuries were mixed on Tuesday. The $22 billion 3-year note auction met expectations, according to MarketScope. Long-dated treasuries were higher. New Labor Department pension fund rules regarding pension funding and changes in those provisions was linked to the long-bond buying, according to Informa. Remarks by U.S. Treasury Secretary Snow on tax cuts and the budget deficit kept the debt climate favorable

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