Posted on Friday, 12th February 2010 by Mortgage Helper
The Treasury concluded this week’s auction activity yesterday with their sale of $16 billion 30-year bonds. For the third time this week the auction finished with a yield that was higher than initial expectations.
This morning Treasuries are higher following the announcement from China that they would be raising the reserve requirement for banks for the second time this year.
In economic news, today’s focus will be on the retail sales report which came in higher than expected, further signaling that the economic recovery is underway.
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