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Treasury prices steady after Bernanke release

Daily newsbrief journal for August 2012, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


Treasury prices steady after Bernanke release

Postby admin » Fri Aug 31, 2012 5:17 pm

Treasury prices steady after Bernanke release
from MarketWatch.com - MarketPulse
LOS ANGELES (MarketWatch) -- Treasury prices were largely steady Friday after the release of a speech being delivered by Federal Reserve Chairman Ben Bernanke in Jackson Hole, Wyo. Yields on 2-year notes , which move inversely to prices, edged up to 0.25% from 0.24% ahead of the release. Yields across the curve were still down for the session. In his speech, Bernanke called stagnation in the U.S. labor market a grave concern and said he was open to using more quantitative easing as needed to help. Bernanke didn't pre-commit to taking action.
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