Benchmark 10-year notes rallied the most since November yesterday as investors sought the safety after inconclusive elections in Italy triggered concern Europe’s debt crisis would intensify.
Congress and President Barack Obama face a March 1 deadline to agree to avert across-the-board spending cuts. Treasury sold $35 billion of five-year securities as part of its $99 billion in note sales this week.
Treasury yields hit one-month low
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Indiana senator explains his inquiries into reverse mortgages
Sen. Mike Braun offered insights into his recent letter to Ginnie Mae and the potential need for more scrutiny of the HECM and HMBS programs.