HPC - Treasurys gain on weak economic reports


Treasurys gain on weak economic reports

Prices for U.S. Treasurys rose Thursday as investors flocked to the safety of government debt amid renewed concerns about the economy.

The benchmark 10-year note was up 19/32 to 104-13/32 and its yield fell to 2.98 percent from 3.05 percent late Wednesday. Bond prices and yields move in opposite directions.

The 2-year note gained 1/32 to 100-2/32 and its yield was 0.61 percent, while the 5-year note rose 10/32 to 100-20/32 and yielded 1.75 percent. The 30-year long bond jumped 1-6/32 to 107-1/32 with a yield of 3.97 percent.
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