Yields edge higher on varied concerns
by Elaine Frei
Prices were lower and yields higher on US Treasury bonds on Tuesday as subprime mortgage sector worries and a new report showing the housing sector still suffering worried investors.
The National Association of Home Builders said that its sentiment index was at a 16½ year low.
Inflation worries also weighed as the government reported that industrial output and core producer prices are both up.
Two-year Treasury bonds were yielding 4.9 percent, a gain from Monday’s yield of 4.87 percent.
Five-year issues were at 4.98 percent, up from 4.95 percent late Monday, while ten-year paper yielded 5.09 percent and thirty-year bonds were yielding 5.15 percent.
Story link: Yields edge higher on varied concerns
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