Feb 10, 2009
Government bonds fall amidst stimulus bill uncertainty
Government bond prices fell, although they climbed slightly off early session lows as the stock market stumbled amid investor anxiety about the timeline of the stimulus bill.
The benchmark 10-year note edged down 16/32 to 105-31/32 and its yield rose to 3.04% from 2.99% late Friday, February 6.
The 30-year bond fell 23/32 to 113-19/32 and its yield rose to 3.75% from 3.69% Friday. The last time bond ended the day with a yield above 3.70% was Nov. 24. when it finished at 3.78%.
The 2-year note dipped 3/32 to 99-22/32 and its yield rose to 1.05% from 0.99% late Friday.
The yield on the 3-month note rallied to 0.29% from 0.28% Friday. The 3-month is a short-term gauge of confidence in the marketplace, because investors shuffle funds in and out of the bill as they assess risk in other places.
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