Treasury 10-year bond sale draws lowest demand in 10 months

Source: Bloomberg
© Scanpix\Reuters
The Treasury 10-year securities worth of $21 billion auction drew the weakest demand since August, impended by worries the Federal Reserve will scale back its bond-buying programme. The benchmark 10-year bond yield advanced this week and reached a 14-month high, after investors bets whether the economy is improving enough for Ben Bernanke to start scaling back purchases.
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