Treasury prices jump, sending rates sliding, on concerns Europe will stall a global recovery
By APThursday, May 20, 2010
Treasury prices jump on concerns about economy
NEW YORK — Interest rates have plunged in the bond market on a wave of concern that debt problems in Europe will unravel a global recovery.
A rush to safety Thursday has sent Treasury prices shooting higher and yields falling. Major stock indexes posted their biggest percentage losses in more than a year.
The price of the 10-year Treasury note maturing in May 2020 rose $1.34375 per $100 in face value to $102.375. Its yield fell to 3.22 percent from 3.37 percent Tuesday.
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