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Bonds decline, dollar gains Easing tensions in Middle East draw money away from the safe-haven investment NEW YORK (CNNMoney.com) -- Bonds ended lower Monday as geopolitical tensions eased in the Middle East and a cease-fire appeared to be holding between Israel and Hezbollah. The dollar fell against the yen and the euro.
The benchmark 10-year Treasury note fell 6/32, or $1.86 for each $1,000 invested, to yield 5.00 percent, up from 4.97 late Friday. Bond prices and yields move in opposite directions. The 30-year bond lost 9/32, or $2.81 on a $1,000 note, to yield 5.12 percent, up from 5.10 in the previous session. The five-year note dipped 5/32, yielding 4.95 percent. The two-year note fell two ticks, yielding 5.02 percent. Treasurys are considered a safe-haven investment and often gain when geopolitical tensions rise. In currency trading, the euro bought $1.2719, down from $1.2726 late Friday. The dollar bought ¥116.67, up from ¥116.29 in the previous session. |
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