Bloomberg News

Treasury 10-Year Notes Pare Drop; Yield at 1.98% in New York

September 29, 2011

Sept. 29 (Bloomberg) -- Treasury 10-year notes pared their drop, pushing the yield to 1.98 percent in New York trading.

New Zealand had its long-term foreign-currency issuer default rating cut to “AA” from “AA+” by Fitch Ratings, which cited a high level of debt and unfavorable economic growth.

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