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Treasuries Rally as Stocks Drop; Ten-Year Yield Falls Below 4%
By Daniel Kruger and Lukanyo Mnyanda
Nov. 21 (Bloomberg) -- Treasuries rallied, sending 10-year note yields below 4 percent for the first time since 2005, as a decline in global stocks spurred demand for the safety of government debt.
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The yield on the 10-year note fell 8 basis points, or 0.08 percentage point, to 4.02 percent at 10:39 a.m. in New York, according to bond broker Cantor Fitzgerald. It touched 3.99 percent, the lowest since September 2005. The price of the 4.25 percent security due in November 2017 rose 22/32, or $6.88 per $1,000 face amount, to 101 31/32.
Yields on two-year notes decreased 18 basis points to 3.01 percent after touching 2.99 percent, the lowest since December 2004. They yielded 99 basis points less than 10-year notes, the most since January 2005. Yields move inversely to bond prices.
By Daniel Kruger and Lukanyo Mnyanda
Nov. 21 (Bloomberg) -- Treasuries rallied, sending 10-year note yields below 4 percent for the first time since 2005, as a decline in global stocks spurred demand for the safety of government debt.
...
The yield on the 10-year note fell 8 basis points, or 0.08 percentage point, to 4.02 percent at 10:39 a.m. in New York, according to bond broker Cantor Fitzgerald. It touched 3.99 percent, the lowest since September 2005. The price of the 4.25 percent security due in November 2017 rose 22/32, or $6.88 per $1,000 face amount, to 101 31/32.
Yields on two-year notes decreased 18 basis points to 3.01 percent after touching 2.99 percent, the lowest since December 2004. They yielded 99 basis points less than 10-year notes, the most since January 2005. Yields move inversely to bond prices.
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