Treasurys Fade in Late Trading

Prices fell as Fed chairman Bernanke made it clear the central bank's inflation-fighting bias remained in place

S&P MARKETSCOPE: Longer-dated Treasuries, which rose early in Wednesday's session following weaker-than-expected rebound in durable goods orders, fell as the conclusion of Bernanke's testimony, which made it clear the Fed's inflation-fighting bias remained in place, and which helped support U.S. Treasury's $18B 2-year note auction, disappointed short-term bulls, resulting in a rebound in yields, according to Action Economics... the 2-year Treasury note was unchanged at 100-12/32 for yield of 4.568%... 10-year note was down 04/32 to 100-02/32 for yield of 4.622%, 30-year bond off 15/32 to 98-24/32 for yield of 4.832% as Bernanke gave no signs of

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