Deals
Treasuries Hold Gain Before $21 Billion 10-Year Sale
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Treasuries held a gain from yesterday as investors prepared to bid for $21 billion in 10-year notes after a three-year sale drew record demand.
A decline in stocks around the world helped buoy bonds, and Federal Reserve Vice Chairman Janet Yellen said U.S. securities are regarded as a haven. The Fed is scheduled to issue its Beige Book business survey today, after Chairman Ben S. Bernanke said last week the central bank’s debt-buying program is needed to spur employment.