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Treasury yields fall as stock market sinks

Treasury yields fall as stock market sinks

U.S. Treasury prices are rising as investors pull money out of stocks and park it in low-risk assets like U.S. government debt.
The yield on the benchmark 10-year Treasury note fell to 1.57 percent in afternoon trading Thursday, down from 1.63 percent late Wednesday. Its price rose 47 cents for every $100 invested.
Stocks were falling sharply on Wall Street after the Supreme Court upheld most of President Barack Obama's health care overhaul law. JPMorgan plunged on a report that its trading loss could widen to $9 billion. The Dow Jones industrial average plunged 170 in afternoon trading.
Demand was slightly weak at an auction of seven-year Treasury notes. There were $2.64 in bids for every dollar of debt sold, versus an average of $2.87 over the last four auctions.


Updated : 2021-04-19 05:13 GMT+08:00