Interest rates rise as stocks retreat on growing concerns over Greece’s debt crisis

Interest rates rise as stocks push lower

CHARLOTTE, N.C. — Interest rates are falling in the bond market as renewed concerns about Greece’s ability to pay its debts leave investors questioning how strong the global economy is.

Traders took safety in Treasurys Friday as worries about Greece’s ability to handle its massive debt load is sending U.S. and overseas markets down. The lack of significant economic news gave investors little additional direction.

The yield on the 10-year Treasury note maturing in February 2020 fell to 3.66 percent in trading Friday from 3.68 percent late Thursday. Its price rose 4/32 to 99 21/32. The yield of the 10-year note is linked to interest rates on mortgages and other consumer loans.