U.S. Treasuries prices gained
on Thursday as bond markets showed signs of stabilizing after a
dramatic selloff and before the Treasury's auction of $29
billion of seven-year notes, the final sale of $99 billion in
new coupon-bearing supply this week.
Downward revisions to first quarter gross domestic product
data on Wednesday led some investors to speculate that a
pullback of stimulus may still be far away. Speeches from
Federal Reserve officials in recent days have also sought to
soothe the markets with statements that the removal of stimulus
is likely to be slow and depend on the strength or weakness of
data.
Source. Reuters
