Summary Box: Interest rates slip ahead of $118 billion in debt auctions; Greek woes add demand
By APMonday, March 22, 2010
Summary Box: Rates fall ahead of $118B in auctions
MODEST MOVES: Interest rates slipped in the bond market Monday after investors showed little concern about expected spending increases tied to the health care overhaul bill.
AWAITING AUCTIONS: Trading was quiet ahead of $118 billion in planned auctions by the Treasury Department this week.
CONCERNS OVER GREECE: Questions about whether European Unions would help Greece with its budget problems fed some demand for safety, giving a modest boost to Treasury prices. Rates move opposite to prices.
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