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US Treasurys flat as stocks barely budge
Published:
Friday, September 21, 2012
NEW YORK— US Treasury prices finished the day little changed yesterday as discouraging economic news keeps stocks stuck in neutral. Measures of manufacturing and business activity slumped in both China and Europe Thursday. Demand for safe investments pushed up Treasury prices, but barely. The price of the ten-year Treasury note rose 6.25 cents for every $100 invested, pushing its yield down to 1.77 per cent from 1.78 per cent late Wednesday.
The price of the 30-year Treasury bond rose 25 cents for every $100 invested, pushing its yield down to 2.95 per cent from 2.97 per cent. The yield on the two-year Treasury note was unchanged at 0.26 per cent. The yield on the three-month Treasury bill was unchanged at 0.11 per cent.
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