Summary Box: Interest rates slip again in Treasury market on weak economic outlook

By AP
Monday, August 23, 2010

Summary Box: Bond yields dip again on weak outlook

RATES DIP AGAIN: Interest rates dipped again in the Treasury market, sending the yield on the 10-year note down to 2.60 percent from 2.62 percent. That’s about where the yield was in March 2009, when the stock market was crawling back from a 12-year low.

STOCKS FALTER: There was little competition from the stock market for traders’ attention. After a morning rise, the Dow Jones industrials slumped to a loss of 39.

WEAK OUTLOOK: Weak job creation remains a worry for investors, making the safe-haven appeal of bonds more attractive. Stocks had slumped last week after a poor reading on first-time claims for unemployment benefits.

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