Treasury prices fall on jobs report relief

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Associated Press

Posted on August 3, 2012 at 3:00 PM

Updated Saturday, Aug 4 at 6:00 AM

Treasury yields are up after a healthy jobs report encouraged investors to move money into stocks.

The yield, or interest rate, on the benchmark 10-year Treasury note rose to 1.57 percent Friday from 1.48 percent Thursday. That means the government has to pay more to persuade people to buy its bonds, because they're more willing to take a risk on stocks.

The price of the 10-year Treasury, which moves in the opposite direction of the yield, is down 81.25 cents for every $100 invested.

Yields are also up on other Treasury securities. The yield on the 30-year bond is up to 2.65 percent from 2.55 percent. The yield on the two-year Treasury note is up to 0.24 percent from 0.22 percent.

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