Treasury yields rise as worries ease about Greece

AP News
Posted: Jun 27, 2011 4:38 PM
Treasury yields rise as worries ease about Greece

Government bond prices are falling, sending their yields higher, following encouraging news on the European debt crisis.

French banks agreed to let Greece repay some of its debt more slowly. That will help give the country time to manage its heavy debt load and pass necessary budget cuts to help repair its economy. Investors have been worried that the debt problems in Greece could slow global economic growth and lead to a banking crisis.

The yield on the 10-year Treasury note rose to 2.92 percent on Monday from 2.87 percent late Friday. Its price fell 56 cents for every $100 invested. Bond yields rise when their prices fall.

The yield on the 30-year Treasury note rose to 4.28 percent from 4.18 percent. The two-year Treasury yield rose to 0.40 percent.