Treasury 10-Year Yields at Almost One-Week Low Amid Sales
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Treasury 10-year note yields traded at almost a one week-low as the government sold $13 billion in floating-rate securities, the first of two note auctions totaling $48 billion.
Bonds pared gains after sales of new U.S. homes unexpectedly climbed last month. Safety demand rose as Russia ordered military tests amid tensions in Ukraine. Treasuries were little changed in February, based on the Bloomberg U.S. Treasury Bond Index. The government will sell $35 billion of five-year debt in a second sale today.