Treasury prices slip on Bernanke testimony

Published July 17, 2012 8:53pm ET



NEW YORK (AP) — Treasurys prices fell Tuesday, sending their yields slightly higher, after Federal Reserve Chairman Ben Bernanke dashed hopes that the central bank would be buying more bonds soon to help the economy.

In testimony to the Senate Banking Committee, Bernanke said the bank was ready to take further action if economic growth flags, but offered no hint that it was ready to launch another round of Treasury purchases.

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