MW: Treasurys hold steady after Fed emphasizes easing
By Ben Eisen
NEW YORK (MarketWatch) -- Treasurys were little changed Friday after testimony from Federal Reserve Chairman Ben Bernanke reinforced a commitment to its bond-purchase program. In remarks before Congress on Thursday, Bernanke said any decision on scaling back, or tapering, the program in September would be based on economic data. The 10-year Treasury note 10_YEAR +0.04% yield fell slightly to 2.532%, while the 30-year bond 30_YEAR -0.22% yield fell half a basis point to 3.622%, and the 5-year note 5_YEAR +0.15% yield fell half a basis point to 1.324%.
