Summary Box: Rates fall after gov’t accuses Goldman of fraud related to mortgage securities

Summary Box: Rates fall after SEC charges Goldman

RATES SLIDE: Interest rates fell in the Treasury market Friday after the government filed civil fraud charges against Goldman Sachs for its dealings in the subprime mortgage market.

THE CONCERN: Investors fled risky assets like stocks and pushed into Treasurys after the Securities and Exchange Commission said that Goldman didn’t disclose that a client helped to create and then place bets against subprime mortgage securities that Goldman sold to investors.

SEEKING SAFETY: The yield on the benchmark 10-year Treasury note maturing in February 2020 fell to 3.77 percent from 3.84 percent Thursday.