MW: Treasurys little changed after Citigroup rescue
By Deborah Levine
NEW YORK (MarketWatch) -- Treasurys were little changed early Monday after the U.S. government agreed to invest $20 billion in Citigroup and guarantee about $300 billion in its troubles assets. Ten-year note yields fell 1 basis point to 3.22%. U.S. equity futures pointed higher on the news, while some bond analysts worried what the rescue indicates about continuing problems in the financial sector and implications for government debt levels. Gains, especially in short-term debt, may be capped before the Treasurys auctions a record $36 billion in tow-year notes today and tomorrow ahead of a holiday-shortened week. Data on existing home sales is expected at 10 a.m. Eastern.
