Concerns regarding intensified demands for the security of government debt led Interest rates to fall in the bond market Tuesday.
Bond prices soared as investors continue to question the speed of the recovery, following disappointing quarterly reports from aluminum company, Alcoa Inc. China tightening securities to avoid inflation and the EU’s announcement that Greece’s budget numbers are inaccurate also contributed to the diminishing yield curve.
Long-term Treasurys are returning to favor as investors seek greater security and experience doubt. The 10-year- treasury mark saw yields plummet from 8.82 in afternoon trading Monday to 3.72 percent as the market edges in on closing Tuesday. Prices increased from 25/32 to 97 5/32.
About EQUITIES:
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
Sign up for a free one-year subscription
