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Treasurys Close Higher After 5-Year Note Auction

Wednesday, September 25, 2013 - 7:36 PM
Note: Treasury yields react inverse of price...

Also benefiting bond prices was continued chatter that Federal Reserve Vice Chair Janet Yellen could be named to the central bank’s top post next week. Yellen has been seen by markets as a candidate who would continue most faithfully on the Fed’s current monetary-policy path.

If appointed, “you’d have clarity and continuity of policy,” said Ira Jersey, interest-rate strategist with Credit Suisse Group AG. “I wouldn’t be surprised if the market rallied a few basis points.”

Treasurys close higher after 5-year note auction - Bond Report - MarketWatch
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