Investors resume bond-buying; Treasury prices rise

AP News
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Posted: Oct 18, 2010 5:52 PM
Investors resume bond-buying; Treasury prices rise

Investors resumed buying government bonds Monday after a steady sell-off of Treasurys last week.

Treasury prices rose slightly on Monday, with the 10-year note rising 37 cents in afternoon trading to $100.94, which lowered the yield to 2.51 percent from 2.57 percent late Friday.

The two-year note remained flat with a yield of 0.37 percent, while the three-year note rose 6.25 cents to $99.78, lowering the yield to 0.57 percent.

Bond prices and yields move in opposite directions.

Treasurys with longer maturities also rose. The 30-year note inched up 43 cents to $98.56, lowering the yield to 3.95 percent from 3.98 percent.

The yield on the three-month Treasury edged down to 0.12 percent from 0.13 percent. Its discount was 0.13 percent.