MW:Treasurys rise ahead of $99 bln of auction supply
By Ben Eisen
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NEW YORK (MarketWatch) -- Treasury prices moved higher on Monday, sending yields down for the second consecutive day ahead of auctions of $99 billion in haven government notes this week. The 10-year note 10_YEAR -0.92% yield was down 1 basis point at 2.476%, while the 30-year bond 30_YEAR -0.25% yield was down 2 basis points at 3.545%, and the 5-year note 5_YEAR -0.92% yield fell 1 basis point to 1.291%. The Treasury Department will sell $35 billion in 2-year notes 2_YEAR -0.65% on Tuesday, $35 billion in 5-year notes on Wednesday, and $29 billion in 7-year notes 7_YEAR -0.90% on Thursday. Yields fell last week as the Federal Reserve took a dovish tone in signalling it would not scale back its bond-purchase program before the economy is strong enough.