Summary Box: Rates climb after positive news on housing; Greece debt concerns continue, weigh

By AP
Friday, April 23, 2010

Summary Box: Housing sends bond yields higher

HOUSING HELP: Interest rates rose in the bond market Friday after a surprisingly strong report on new home sales.

GREECE CONCERNS: Greece deciding to trigger a bailout package to help manage its debt offered investors some relief. Many have been concerned that Greece could default on its debt and that the trouble there would spread to other countries.

RATES CLIMB: The yield on the benchmark 10-year Treasury note rose to 3.82 percent from 3.78 percent. The 10-year yield is tied to mortgages and other consumer loans.

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