海角大神

Bond yields fall on Europe fears

Bond yields dip despite strong jobs report. Concerns over Europe's debt woes drove bond yields of 10-year Treasury below 2 percent and 30-year Treasury to just above 3 percent.

|
John Gress/Reuters/File
A trader watches the action in the 10-Year Treasury bond options pit at the CME Group in Chicago this past August. On Jan. 6, 2012, Treasury bond yields fell on growing concerns about Europe's debt crisis.

US government debt prices inched up Friday as worries over Europe's debt crisis drove traders into the聽Treasury聽market.

The price of the 10-year聽Treasury聽note rose 31.2 cents for every $100 invested in Friday trading. Its yield dipped to 1.97 percent from 2 percent late Thursday.

A strong jobs report had pushed聽Treasury聽prices lower Friday morning. The government said the unemployment rate dropped to 8.5 percent last month and U.S. employers added 200,000 net jobs.

But concerns about Europe's debt troubles soon lured traders back into聽Treasurys and drove bond yields down. Italy's borrowing costs jumped above 7 percent, and the euro fell to a 16-month low against the dollar.

In other聽Treasury聽trading, the price of the 30-year bond rose 93.7 cents for every $100. The higher price lowered its yield to 3.01 percent from 3.07 percent late Thursday. The yield on the two-year聽Treasury聽note remained at 0.26 percent, the same as the day before.

In the market for short-term bills, the three-month聽Treasury聽bill paid a yield of 0.01 percent.

You've read  of  free articles. Subscribe to continue.
Real news can be honest, hopeful, credible, constructive.
海角大神 was founded in 1908 to lift the standard of journalism and uplift humanity. We aim to 鈥渟peak the truth in love.鈥 Our goal is not to tell you what to think, but to give you the essential knowledge and understanding to come to your own intelligent conclusions. Join us in this mission by subscribing.
QR Code to Bond yields fall on Europe fears
Read this article in
/Business/Latest-News-Wires/2012/0107/Bond-yields-fall-on-Europe-fears
QR Code to Subscription page
Start your subscription today
/subscribe