Treasury 10-year yields retouch all-time low
Posted: Wed May 30, 2012 5:13 pmTreasury 10-year yields retouch all-time low
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- Treasury prices rose on Wednesday, pushing 10-year yields to re-test their record low, as increasing worries about Spain's fiscal health and its banks weighed on the euro and equities, increasing the appeal of the relative safe haven of U.S. bonds and the dollar. Yields on 10-year notes , which move inversely to prices, fell 7 basis points to 1.68%, after briefly falling under that level. "Ten-year Treasury yields hit 1.68% and a break of the 1.67% low will take us to new territory, most likely seeing calls for a test of the 1.50% area," said Richard Gilhooly, U.S. director of interest-rate strategy at TD Securities.
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- Treasury prices rose on Wednesday, pushing 10-year yields to re-test their record low, as increasing worries about Spain's fiscal health and its banks weighed on the euro and equities, increasing the appeal of the relative safe haven of U.S. bonds and the dollar. Yields on 10-year notes , which move inversely to prices, fell 7 basis points to 1.68%, after briefly falling under that level. "Ten-year Treasury yields hit 1.68% and a break of the 1.67% low will take us to new territory, most likely seeing calls for a test of the 1.50% area," said Richard Gilhooly, U.S. director of interest-rate strategy at TD Securities.