Interest rates fall in bond market after ahead of 30-year note auction, Greek debt fears

Interest rates fall ahead of 30-year auction

CHARLOTTE, N.C. — Interest rates are inching lower in the bond market as anxiety over Greece’s debt problems worsened.

Renewed concerns about a possible default by Greece on its debt is weighing on markets globally, spurring investors to sell stocks and seek out the relative safety of government debt.

Bond traders will also be watching closely for the results later Thursday of an auction of $13 billion in 30-year Treasurys. The sale wraps up $82 billion in sales of U.S. government debt this week.

The yield on the benchmark 10-year note maturing in February 2020 fell to 3.85 percent from 3.87 percent. Its price is down 3/32 at 98 6/32. The yield of the 10-year note is linked to interest rates on mortgages and other consumer loans.