Summary Box: Interest rates climb after drop in inventories signals economic improvement
By APWednesday, March 10, 2010
Summary Box: Rates climb after inventory drop
SAFETY PLAY FLOPS: Investors turned away from safe-havens like Treasurys on Wednesday after the government said inventories at businesses are dropping as sales rise. That’s a sign that demand is improving. The drop in Treasury prices boosted interest rates.
SOME REPRIEVE: The price of the 10-year note came off its lows after the government’s auction of $21 billion in 10-year notes drew strong demand.
HOLDING PATTERN: Like the stock market, the Treasury market has been quiet as investors look for clearer signs about the direction of the economy.
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