Summary Box: Jobs report pushes yields to record lows; 10-year yield hits 2.36 percent
By APWednesday, October 6, 2010
Summary Box: Treasury rates reach new lows
NEW LOWS: A surprisingly weak employment report helped push Treasury yields down to new lows. The note on the two-year hit 0.39 percent and the five-year 1.13 percent. Both are all-time lows.
THE BENCHMARK: The closely watched 10-year yield, which influences interest rates on mortages and corporate debt, reached its lowest point this year: 2.39 percent.
FURTHER TO FALL: Investors say more dismal economic data and a move by the Federal Reserve to buy bonds could push rates lower still.
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