Investors might see another landmark in Treasury sale today. The yield on the to-be-auctioned three-year notes recently yields 0.336%, just a touch higher than the 0.334% offered from the auction in September 2011, which was a record low for the maturity. Some traders expect demand to be fair ahead of the FOMC's rate decision Thursday. One supporting factor is the prospects that the central bank could extend its pledge of near zero policy rate beyond 2014. Holding interest rates low for longer reassures investors that short-dated bond yields would be well anchored.
Find us on Google+
No comments:
Post a Comment