MW: Treasurys inch up, with eyes on stimulus, mortgage plan
Treasurys rose slightly early Friday as traders watch for progress in Congress to pass the $789 billion package, with a House vote scheduled today. Two-year note yields fell 3 basis points to 0.89%. Traders are also focused on a program being considered by the Obama administration to subsidize mortgage payments for troubled homeowners subject to an affordability test. Still to come, a report on consumer sentiment this month is due at 10 a.m. Eastern time.