Bond market perks up following a weak close to ’09
NEW YORK (AP) — Bond yields are mostly lower as investors put more money into the Treasury market following a weak end to 2009.
The yield on the 10-year Treasury note, which is linked to interest rates on mortgages and other consumer loans, is down to 3.83 percent Monday from 3.84 percent late Thursday. Markets were closed Friday. Its price rose 3/32 to 96 10/32.
In other trading, the yield of the 30-year bond is up to 4.65 percent from 4.63 percent, while its price fell 6/32 to 96 12/32.
The yield on the two-year note is down to 1.08 percent from 1.15 percent Friday. Its price rose 4/32 to 99 27/32.
The yield on the three-month T-bill rose to 0.09 percent from 0.05 percent. Its discount rate was 0.04 percent.