Fri, 25 Oct 2013 12:16:03 GMT
US Treasuries climb to 2-week high on Fed stimulus
The US government 10-year yield dropped one basis point to 2.51% as of 6:01 am in New York amid optimism Fed will postpone monetary stimulus tapering until March 2014, as US economy strengthens at slower pace. The price for 2.5% security note maturing in August 2023 added 63 cents per $1,000 nominal value, to 99,875.