TREASURIES-Bonds turn negative after Wall Street opens
Published: 05 May 2009 17:32:59 PSTNEW YORK, May 5 - U.S. government debt prices turned negative on Tuesday, erasing earlier gains, after Wall Street opened flat to slightly lower but not as weak as stock index futures had suggested earlier.
The price on benchmark 10-year Treasury notes was down 2/32 at 96-17/32 after trading as high as 96-27/32.
Their yield, which moves inversely to their price, was 3.163 percent, up slightly from 3.157 percent late on Monday.
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