MW: Treasurys extend gains on lower first-quarter GDP
By Ben Eisen
NEW YORK (MarketWatch) -- Treasurys extended gains Wednesday, sending prices up and yields down, after first-quarter gross-domestic product was cut to 1.8% growth from a prior reading of 2.4%. The rise in the haven government debt walks back some of its steep losses in prior days. The 10-year note 10_YEAR -1.92% yield fell 8 basis points to 2.537%, and the 30-year bond 30_YEAR -0.88% yield fell 6 basis points to 3.574%. The 5-year note 5_YEAR -3.49% yield fell 6.5 basis points to 1.427% ahead of an auction of $35 billion in the notes on Wednesday.
