Bond market interest rates are declining after the release of reports indicating a weak economic rating and a pessimistic outlook for the present quarter.
Sales of existing homes declined shortly in January according to reports from the National Association of Realtors. The new figures come only a day after the Commerce Department reported that new homes sales were also weaker than expected in January.
Investors ignored major economic growth of 5.9 percent for the fourth quarter as economists across the board promised the speedy expansion would sustain itself in 2010.
The yield on the 10-year Treasury note that matures in February 2020 fell 0.5 percent late Thursday from 3.64 percent to o 3.59 percent. The note is the benchmark for a number of consumer loans, giving shifts significant charge within in the market.
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