MW: Treasurys mixed amid auto bailout uncertainty, ahead of Fed
By Nick Godt
NEW YORK (MarketWatch) -- Treasurys were mixed on Monday with shorter-term notes falling ahead of an expected cut in interest rates by the Federal Reserve, while longer-term notes rose as uncertainty about the bailout of the auto industry continued. Yields on the benchmark 10-year Treasury bonds fell three basis points to 2.547%, while those on two-year notes rose 1 basis point to 0.778%. Longer-term notes also benefited from a survey of manufacturing that showed activity slowing at a record pace in the New York region.
