Treasuries declined after Dallas Federal Reserve President Richard Fisher today expressed doubts about the central bank’s Operation Twist program.
“It’s time for the market to send us a signal what the price of debt should be. What we’re doing with Operation Twist is distorting the price,” Fisher told an audience at the University of St. Andrews in Scotland.
Yields on 10-year notes rose two basis points to 1.55 percent in New York
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