Summary Box: Treasurys rise on bets of a Fed move

AP News
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Posted: Oct 19, 2010 6:04 PM
Summary Box: Treasurys rise on bets of a Fed move

FED WATCH: Federal Reserve officials decried low inflation and high unemployment, encouraging bond buyers who expect the Fed will purchase more Treasurys to prod the economy.

NOT GOOD ENOUGH: Treasury prices also got support from a lackluster reading of the housing market. The government said housing starts rose a 0.3 percent in September.

THE 10-YEAR: The 10-year note rose 28.1 cents to $101.25, lowering the yield to 2.48 percent. Bond prices and yields move in opposite directions.