Summary Box: 10-year Treasury yields pull back from 2.8 percent, highest level since August
By APMonday, September 13, 2010
Summary Box: Treasury yields dip from 1-month high
NOT SO FAST: The yield on the 10-year note hit 2.83 percent Monday morning, the highest rate since early August. Traders pounced, and the yield then fell, ending the day at 2.75 percent.
THE BENCHMARK: The 10-year note, whose yield helps set borrowing rates for mortgages and other loans, rose 46.8 cents to $98.93.
LONG BOND: The price of the 30-year bond was up 46.8 cents, lowering the yield to 3.85 percent. Bond prices and their yields move in the opposite direction.
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