Investment 2013: T-Bond Prices Dip After Auction Wins Tepid Results

[MikeLigalig.com]

T-Bond Prices Dip After Auction Wins Tepid Results

U.S. Treasury prices slipped Tuesday as investors looked ahead to retail sales data to shed light on consumer habits after a lackluster debt sale, the first for a total of $72 billion in supply this week. The Treasury sold $32 billion in three-year notes Tuesday at a high yield of 0.411%. "It was pretty weak given how cheap the three-year was in our view," said Jim Vogel, interest rate strategist at FTN Financial in Memphis, Tenn. Instead,

Source: T-Bond Prices Dip After Auction Wins Tepid Results