Interest rates fall after worries about jobs, Greece debt raise demand for safety of Treasurys

Rates fall after concerns about jobs, Greece grow

NEW YORK — Interest rates fell in the bond market after concerns about job losses and rising debt in Greece boosted demand for safe investments.

Solid demand at a government auction of seven-year government notes Thursday has also helped drive down yields, which move opposite their price.

The yield on the 10-year Treasury note that matures in February 2020 has fallen to 3.64 percent in late trading from 3.70 percent late Wednesday. Its price rose 16/32 to 99 29/32. The 10-year yield is a benchmark for many consumer loans.