Alexa

Treasurys almost unchanged in quiet day

Treasurys almost unchanged in quiet day

Bond investors appear unwilling to be thrown around by conflicting signals from the Federal Reserve over whether the central bank will act soon to help spur the U.S. economic recovery.
Treasury prices barely budged Friday. The yield on the benchmark 10-year Treasury remained virtually unchanged from Thursday at 1.68 percent. Its price was down 3 cents for every $100 invested.
The 10-year yield has fallen from 1.82 percent in the past seven days after concerns over Europe and the global economy resurfaced earlier this week.
Fed Chairman Ben Bernanke suggested in a letter to a congressman that there was room for the central bank to do more to help the economy. It came after a regional Fed president cast doubt on the idea.