Interest rates narrowly mixed after strong auction of $38 billion in three-year notes

Interest rates mixed after 3-year note auction

CHARLOTTE, N.C. — Interest rates are trading in a tight range in the bond market after an auction of three-year notes was met with strong demand.

Treasury prices rose earlier Tuesday as doubts surfaced about the nearly $1 trillion aid package aimed at helping shore up the finances of weak European countries like Greece. That initially sent many investors back to safe investments like U.S. Treasury bonds.

With the rescue package in place, investors moved back into riskier assets like stocks. The Dow was up 65 points.

The yield on the 10-year Treasury note rose to 3.55 percent in afternoon trading from 3.54 percent from late Monday.