Treasuries Erase Gain as Stock Rebound Damps Demand for Havens

Updated on
  • Treasury will sell $48 billion of two- and five-year notes
  • Butterfly spread between 2-5-30 securities lowest in 18 months

Treasuries erased earlier advances after a rebound in stocks reduced demand for haven assets and before the U.S. government sells two- and five-year debt later on Wednesday.

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