TREASURIES-Bonds add to gains as Fed bleaker on economy
NEW YORK, May 20 (Reuters) - U.S. Treasury debt prices rose on Wednesday after the Federal Reserve downgraded its forecasts for U.S. gross domestic product, projecting an even deeper contraction for 2009 than previously thought.
Benchmark 10-year notes US10YT=RR climbed 10/32 for a yield of 3.21 percent, down four basis points on the day.
(Reporting by Pedro Nicolaci da Costa, Editing by Chizu Nomiyama)
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