Treasurys gain on weak economic reports
Prices for U.S. Treasurys rose Thursday as investors flocked to the safety of government debt amid renewed concerns about the economy.
The benchmark 10-year note was up 19/32 to 104-13/32 and its yield fell to 2.98 percent from 3.05 percent late Wednesday. Bond prices and yields move in opposite directions.
The 2-year note gained 1/32 to 100-2/32 and its yield was 0.61 percent, while the 5-year note rose 10/32 to 100-20/32 and yielded 1.75 percent. The 30-year long bond jumped 1-6/32 to 107-1/32 with a yield of 3.97 percent.
Prices for U.S. Treasurys rose Thursday as investors flocked to the safety of government debt amid renewed concerns about the economy.
The benchmark 10-year note was up 19/32 to 104-13/32 and its yield fell to 2.98 percent from 3.05 percent late Wednesday. Bond prices and yields move in opposite directions.
The 2-year note gained 1/32 to 100-2/32 and its yield was 0.61 percent, while the 5-year note rose 10/32 to 100-20/32 and yielded 1.75 percent. The 30-year long bond jumped 1-6/32 to 107-1/32 with a yield of 3.97 percent.