Treasury yields slide as reports show signs of slowing global economic growth
By APTuesday, August 17, 2010
Treasury yields slide on signs of slowing growth
NEW YORK — Interest rates in the Treasury market are rising after investors got a little reassurance about the economy and regained some of their enthusiasm for stocks.
The price of the Treasury’s 10-year note is down 65.63 cents at $99.844 Tuesday, while its yield is 2.64 percent, up from 2.57 percent late Monday. Interest rates and prices of notes and bonds move in opposite directions.
The Commerce Department said construction of new homes and apartments rose in July, while industrial production was higher than economists forecast.
Earnings reports from Home Depot Inc. and Wal-Mart Stores Inc. also came in better than expected Tuesday.
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