Federal Reserve Chairman Alan Greenspan's testimony on the economy failed to inspire the Treasury market yesterday and prices closed little changed, with the 30-year bond steady and yielding 8.44%.

Mr. Greenspan offered his usual mix of optimism and caution in his semiannual Humphrey-Hawkins testimony on Capitol Hill, and traders said his remarks indicated little more than what they already knew: that Fed monetary policy is on hold.

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