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Treasury prices slip after rosy economic news

Treasury prices slip after rosy economic news

Treasury prices are falling again on optimistic jobs and housing data and better business conditions in the Midwest.
The price of the 10-year Treasury note fell 34.4 cents per $100 invested in afternoon trading Thursday. Its yield, which moves in the opposite direction, rose to 3.39 percent from 3.35 percent late Wednesday.
The number of Americans applying for unemployment benefits fell to its lowest point in nearly two and a half years, while more people signed contracts to buy homes in November. Also, an index showed companies in the Midwest were faring better this month.
Yields have been rising since November as investors expect better economic growth and higher inflation. They are shifting their money into riskier investments, curbing bond prices.


Updated : 2021-03-01 12:08 GMT+08:00