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Treasury prices rise

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1 Treasury prices rise on Thu Aug 23, 2012 6:26 pm

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Treasury prices rise


8/23/12

(AP) – 8 minutes ago

NEW YORK (AP) — Treasury prices climbed Thursday after unemployment claims rose and the Federal Reserve hinted at more help for the U.S. economy.
The price of the benchmark 10-year Treasury rose 12.5 cents for every $100 invested. The yield, which moves in the opposite direction from the price, fell to 1.68 percent from 1.70 percent late Wednesday.

The Labor Department said claims for unemployment benefits rose last week by 4,000 to 372,000, the second increase in a row.

The Fed hinted Wednesday at further measures to help the economy, although one Fed regional president appeared to cast doubt on the idea in an interview with CNBC on Thursday.

The 30-year Treasury bond rose 18.8 cents for every $100. Its yield fell to 2.79 percent from 2.81 percent late Tuesday.

The yield on the two-year note slipped to 0.26 percent from 0.27 percent.

The three-month T-bill paid 0.10 percent.

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