27.10.201504:08:00UTC+00Treasuries retain gain as Fed projected to keep rate unchanged

Treasuries held its advance on postulation the Federal Reserve will maintain its benchmark interest rate at its two-day meeting.

Signs of sluggish US growth are fueling demand for government securities, with economists projecting durable goods orders declined for a second month in September. Official figures showed new home sales hit its lowest level since November.

Ten-year note yields was slightly changed at 2.05% in London. The price of the 2% security due in August ended at 99 17/32. The yield lost three basis points on Monday.

We have been purchasing quite a bit. The American economy is mixed. “The Fed looks like it's postponing the interest-rate hike," said Toshifumi Sugimoto, Chief Investment Officer at Capital Asset Management.