The Treasury and the Federal Reserve plan to sell as much as $116.5 billion in notes next week amid a scarcity of short-term debt in a market seeking lower-risk investments.
The Treasury Department is asking investors to buy the worst-performing part of the U.S. government debt market this month in a 30-year auction today.
Treasuries fell before the Federal Reserve concludes a two-day meeting where it is forecast to reduce its monthly debt-buying program to almost half of the amount it was purchasing at the end of last year.
"All of this duration is somewhat troubling because you do not have QE anymore."
- Ray Remy on Nov 13, 2014
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