Treasury Prices Fall as Haven Bid Wanes.

The article addresses the decline of Treasury bond prices in the U.S. on April 21, 2009. The Treasury bonds were lower because of hedges associated with new corporate- and municipal bond supply and disappointment over the size of the Federal Reserve's bond purchases. According to Steve Rodosky, head of Treasury and derivatives trading at Pacific Investment Management Co., the Treasury bonds purchased by the Federal Reserve have helped improved credit markets.