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10-year yield rises on European bailout news

10-year yield rises on European bailout news

Prices for U.S. Treasury securities are falling, lifting the yield on the 10-year note from a historic low, after a German court backed that nation's role in bailing out its indebted neighbors.
Germany is expected to bear most of the cost of bailing out Greece, Ireland and Portugal because it has Europe's largest economy. Without German help, Greece might default on its debt, roiling global markets.
The ruling lifted stocks worldwide, reducing demand for lower-risk investments such as Treasurys. The S&P 500 index rose 2.4 percent; Germany's DAX jumped 4 percent.
In early afternoon, the yield on the 10-year note is 2.01 percent, up from 1.97 percent late Tuesday, near a historic low. The price rose 25 cents for every $100 invested. Bond yields rise as their prices fall.


Updated : 2021-06-16 08:39 GMT+08:00