Treasury prices rise as investors get out stocks

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Associated Press

Posted on June 25, 2012 at 2:01 PM

The yield on the 10-year Treasury is down as nervous investors look for safe investments.

Investors are yanking money out of the stock market on worries about Europe. Spain has officially asked Europe for help with its struggling banks.

The yield on the U.S. government's 10-year Treasury note is down to 1.61 percent from 1.67 percent late Friday. The price, which moves in the opposite direction of the yield, is up 56 cents for every $100 invested.

The yield on the 30-year bond is down to 2.69 percent from 2.75 percent. The price is up $1.63 for every $100 invested.

The yield on the two-year note is down to 0.30 percent from 0.31 percent.

In the short-term Treasury market, the three-month T-bill is steady at 0.08 percent.

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