The Ticker
Treasuries drop due to high retail sales
3/13/13 12:13pm
The rise in yields may help bolster demand at today’s government auction of $21 billion of 10-year notes. The benchmark notes are the highest in demand, or on “special” in the repurchase-agreement, or repo, market, where firms borrow and lend securities. Traders were willing to pay to borrow the securities in exchange for loaning cash, according to Bloomberg.
