Summary Box: Rising Treasury prices push rates lower as demand at gov’t debt auction is weak
By APWednesday, February 10, 2010
Summary Box: Interest rates fall on weak auction
WHY DID INTEREST RATES RISE? A drop in Treasury prices pushed rates higher following weak demand at the government’s auction of 10-year notes.
WHAT ELSE DROVE TRADING? Investors again hoped that European Union countries would aid debt-strapped Greece with a bailout. Anticipation of a fix at a Thursday meeting of EU officials eased demand for safe investments like Treasurys.
WHY DOES GREECE MATTER? The concern is that budget problems in Greece and some other EU countries could make it harder for the global economy to recover if spending by countries is curtailed.
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