Rates fall in bond market as worries about jobs, Greece send investors looking for safety
By APThursday, February 25, 2010
Interest rates down on concerns about jobs, Greece
WHAT’S SO APPEALING ABOUT BONDS: Treasury prices rose and their yields fell as investors needed a safe place to stash their money while evidence of a weak global economy piled up.
EVEN BRAND-NEW BONDS ARE BIG: There was solid demand for the government’s auction of new seven-year notes. That also helped lift prices and send yields lower.
WHERE DOES THE 10-YEAR YIELD STAND: The 10-year Treasury note that matures in February 2020 is down to 3.64 percent from 3.70 percent late Wednesday. That matters because the yield is a benchmark for many consumer loans.
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