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Treasury prices rise on Egyptian unrest

Treasury prices rise on Egyptian unrest

Treasury prices are rallying as concerns over Egypt encourage investors to seek safer investments.
The price of the 10-year Treasury note rose 43.8 cents per $100 invested. Its yield, which moves in the opposite direction, fell to 3.34 percent from 3.38 percent late Thursday.
Protests in Egypt escalated Friday and spooked investors. Stocks fell, while less risky investments like Treasurys, the dollar and gold rose.
The Egyptian military tried to restore order Friday. Riot gas, rubber bullets and water cannons were used to disperse crowds who had gathered to challenge Egyptian president Hosni Mubarak's thirty-year rule. Thousands defied a curfew, and Internet and cell phone service was cut off.
Investors worry that the collapse of the Tunisian government earlier this month may lead to other challenges of Middle Eastern governments.


Updated : 2021-04-19 18:31 GMT+08:00