Investors buy Treasury bonds after 4-day sell-off

AP News
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Posted: Aug 17, 2012 4:51 PM

U.S. Treasury prices are rising slightly as investors seek to capture some of the highest yields in three months.

The price of the 10-year Treasury note rose 19 cents for every $100 invested on Friday. The yield fell to 1.82 percent from 1.84 percent late Thursday, the highest since early May.

The shift into Treasurys came despite strong earnings from Ann Taylor and other retailers. An index of leading economic indicators from the Conference Board rose last month, providing further evidence that the economy may be regaining some momentum.

The Dow Jones industrial average rose 25 points to close at 13,275.

The 30-year Treasury bond rose 44 cents for every $100 invested. The yield dropped to 2.93 percent from 2.96 percent.