Summary Box: Interest rates edge lower after lower demand at $16B auction of 30-year bonds
By APThursday, May 13, 2010
Summary Box: Rates fall after 30-year bond auction
JOBS UPDATE: Interest rates edged lower in the bond market Thursday after a new report on jobs showed the economy is improving at a slow but steady pace.
AUCTION RESULTS: The government sold $16 billion in 30-year bonds. The bid-to-cover ratio, a measure of demand, was slightly weaker at 2.60.
SAFETY SOUGHT: Stocks ended the day lower, with the with the Dow losing 114 points, increasing demand for safe investments like Treasurys.
YOUR VIEW POINT
