Treasury prices rise again

AP News
Posted: Aug 23, 2012 2:16 PM

NEW YORK (AP) — Treasury prices are rising to their highest levels in more than a week after unemployment claims rose and the Federal Reserve hinted at more help for the U.S. economy.

The price of the benchmark 10-year Treasury is up 25 cents for every $100 invested. The yield, which moves in the opposite direction from the price, has fallen to 1.66 percent from 1.70 percent late Wednesday.

The Labor Department says claims for unemployment benefits rose last week by 4,000 to 372,000, the second increase in a row.

The Fed hinted Wednesday at further measures to help the economy, although one Fed regional president appeared to cast doubt on the idea in an interview with CNBC on Thursday.