Treasury prices edge lower as Europe worries ease

AP News
Posted: Nov 18, 2011 5:30 PM
Treasury prices edge lower as Europe worries ease

Treasury prices inched lower Friday as worries eased about Europe's debt crisis.

Borrowing costs fell for Spain and other countries in Europe, and there was speculation that the European Central Bank may loan money to the International Monetary Fund to help support debt-strapped nations there.

In the U.S., an index of leading economic indicators rose more than analysts were expecting, a sign that the economy may pick up in the coming months. That helped diminish demand for Treasurys.

The yield on the benchmark 10-year Treasury note edged up to 2.01 percent from 1.97 percent late Thursday. The price fell 40.6 cents per $100 invested.

The yield on the 30-year bond was flat at 2.99 percent. Its price fell 21.9 cents.

The two-year Treasury note yielded 0.28 percent, versus 0.27 percent late Thursday.

The three-month T-bill had a zero percent yield. Its discount wasn't available.