By WSJ Staff
Treasurys are up in London with traders citing comments from Federal Reserve Chairman Ben Bernanke over the weekend as a sign that Treasury purchases could be raised.
In an interview with CBS news program 60 minutes, Mr. Bernanke said it was possible that the Fed could buy more than the $600 billion of Treasurys that it alreadys has said it intends to purchase, although any change in the purchase program would depend on the growth and inflation outlook.
He added that it would take 4-5 years for the unemployment rate to fall to more normal levels.
The 2-year note is up at 100-03+/32, yielding 0.444%, the 10-year note is up at 97-09+/32, yielding 2.941%. The 30-year bond is up at 99-17+/32, yielding 4.276%. December bunds are up 0.29 at 126.46 and March gilts are 0.28 higher at 119.44.
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