Treasurys flat as central bankers gather

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Associated Press

Posted on July 31, 2012 at 1:00 PM

Updated Tuesday, Jul 31 at 1:01 PM

U.S. Treasury security prices are nearly unchanged as traders await decisions by the Federal Reserve and European central bankers.

Federal Reserve policymakers gathered in Washington Tuesday to discuss possible steps to boost the lagging economy. Traders appeared to be in a holding pattern as they waited for the Fed's decision.

European Central Bank officials will meet about monetary policy later this week. Bold action by the ECB could affect Treasurys because fears about Europe underlie much of the recent demand for ultra-safe investments.

The price of the 10-year Treasury note fell 3 cents for every $100 invested as of 2:30 p.m. EDT, pushing its yield up to 1.51 percent from 1.50 percent late Monday.

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