Summary Box: Treasury prices end higher, end strong 2Q that brought 10yr yield below 3 percent
By APWednesday, June 30, 2010
Summary Box: Treasury prices end mainly higher
LATE RISER: The price of the 10-year Treasury note rose late in the day after the stock market stumbled.
STRONG QUARTER: A day after falling below 3 percent for the first time in more than a year, the yield on the 10-year note edged down slightly to 2.94 percent. That’s about one full percentage point below the high level of 4 percent it reached in early April.
THE SAFETY PLAY: Investors have been piling into Treasurys in the second quarter to avoid turmoil on the stock market and as Europe struggled to contain a sovereign debt crisis.
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