Summary Box: Treasury prices up, lowering yields; 10-year yield falls to 2.55 percent
By APFriday, September 24, 2010
Summary Box: Interest rates inch lower for 3rd day
LOW YIELDS: Higher Treasury prices mean lower yields. The yield on the 10-year note is down to 2.55, near the 2.42 percent low hit last month.
BORROWING COSTS: Lending rates for mortgages and corporate debt track Treasury yields. That’s one reason many expect the Federal Reserve to try to push long-term rates down further.
U.S. DEBT: The Treasury laid out the details for its auctions next week, used to finance the budget deficit. The government will sell $29 billion in 7-year notes, $35 billion in 5-year notes and $36 billion in 2-years.
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