Monday, April 27, 2009

Treasurys advance on swine flu jitters

By Ben Rooney, CNNMoney.com staff writer
Last Updated: April 27, 2009: 7:08 AM ET

NEW YORK (CNNMoney.com) -- Treasurys rose Monday morning as investors worried about the possible economic impacts of the outbreak of swine flu and braced for another big influx of supply.

The World Health Organization has called the outbreak of swine flu a "public health emergency of international concern."
-snip-
Meanwhile, the Treasury Department is planning to auction $40 billion in 2-year notes Monday. That will be followed by a $35 billion auction of 5-year notes Tuesday, and $26 billion of 7-year notes on Wednesday.

As the Treasury issues more debt, the Federal Reserve is set to continue its campaign to buy $300 billion in Treasurys to drive down interest rates. The Fed is planning to buy an undisclosed amount of Treasurys Monday and Thursday.
-snip- (more at link)

No comments: