Greek worries keep Treasurys yields near lows

AP News
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Posted: May 15, 2012 5:15 PM
Greek worries keep Treasurys yields near lows

Treasury yields stayed near their lows for the year Tuesday as worries over Greece keep traders in the market for U.S. government bonds.

In Athens, attempts to form a government came to an end, setting the stage for new elections next month. The prospect of a new government rejecting the terms of Greece's financial lifeline has kept markets on edge. If Greece leaves the currency union, it could roil global financial markets and deepen the crisis for other countries.

In late trading Tuesday, the yield on the 10-year Treasury note was 1.77 percent, matching its low for the year hit Monday. Its price was up 3.12 cents for every $100.

In other trading, the yield on the 30-year Treasury fell to 2.92 percent from 2.94 percent Monday. Its price rose 3.12 cents.

The yield on the two-year Treasury rose to 0.29 percent from 0.27 percent.

In the market for short-term Treasury bills, the yield on the three-month T-bill remained at 0.09 percent.