Thu, 13 Jun 2013 12:35:15 GMT
Treasury 10-year bond sale draws lowest demand in 10 months
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.