Summary Box: Rates climb after Obama speech on financial overhaul doesn’t hold big surprises
By APThursday, April 22, 2010
Summary Box: Jobs, housing send bond yields higher
SAFETY DANCE: Treasurys were higher early in the day as the latest flare-up in Greece’s debt problems led investors to seek safety. By afternoon, they were lower. Investors looked to positive signals on the economy from reports on housing and jobs.
REGULATORY RELIEF: Markets were also relieved that President Barack Obama’s speech on financial reform didn’t hand investors unpleasant surprises.
HIGHER RATES: The yield on the benchmark 10-year Treasury note rose to 3.78 percent from 3.74 percent. The 10-year yield is tied to mortgages and other consumer loans.
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