Howard Lutnick, BGC Partners CEO, explains why he is selling the company's electronic Treasury trading platform to the Nasdaq OMX Group for nearly $1.3 billion.
The Treasury sold $35 billion in 5-year notes at a high yield of 0.760 percent with a bid-to-cover ratio at 2.73, reports CNBC's Rick Santelli.
Fund flows "never predict anything," and Treasury yields are likely to increase, Citigroup Head of Macro Strategy Jeremy Hale says.
CNBC's Rick Santelli reports the Treasury sold $29 billion in 7-year notes at a high yield of 1.26 percent.
OFA puts out a new ad campaign, former President Bill Clinton campaigns for Terry McAuliffe, and Rand Paul gives money back to the Treasury, all this and more on Chuck’s Daily Rundown Radar Friday.
Outgoing acting IRS Commissioner Steven Miller and Treasury Inspector General for Tax Administration J. Russell George attend a House Ways and Means Committee hearing on the Internal Revenue Service targeting conservative groups on Capitol Hill in Washington May 17, 2013. Miller resigned on Wednesda
Outgoing acting IRS Commissioner Steven Miller and Treasury Inspector General for Tax Administration J. Russell George are sworn-in during a House Ways and Means Committee hearing on the Internal Revenue Service targeting conservative groups on Capitol Hill in Washington, May 17, 2013. Miller resig
Spanish Economy Minister Luis de Guindos , Deputy Prime Minister Soraya Saenz de Santamaria and Treasury Minister Cristobal Montoro arrive for a news conference after a weekly cabinet meeting at Moncloa Palace in Madrid April 26, 2013. REUTERS/Sergio Perez (SPAIN - Tags: POLITICS BUSINESS)
U.S. President Barack Obama stops in front of the Treasury as he takes a walking tour of the ancient historic and archaeological site of Petra March 23, 2013. Obama visited Jordan's ancient city of Petra on Saturday as he wrapped up a four-day Middle East tour by setting aside weighty diplomatic mat