(Bloomberg) -- Treasury two-year note yields held
near their lowest this month amid concern a weak housing market
will lead to losses for investors in mortgage-backed securities.
Two-year yields have dropped more than 10 basis points over
the past two trading days as dealers prepared to bid on $18
billion of the securities in the government's monthly auction
today. A Commerce Department report is forecast to show the pace
of new home sales slowed in May.
Read more at Bloomberg Bonds News
near their lowest this month amid concern a weak housing market
will lead to losses for investors in mortgage-backed securities.
Two-year yields have dropped more than 10 basis points over
the past two trading days as dealers prepared to bid on $18
billion of the securities in the government's monthly auction
today. A Commerce Department report is forecast to show the pace
of new home sales slowed in May.
Read more at Bloomberg Bonds News
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