Bond prices jump on real estate weaknessTreasury prices take biggest jump in two weeks after government report shows new home sales declined to a 12-year low in November.NEW YORK (CNNMoney.com) -- Bond prices jumped the most in two weeks after a report showed new home sales tumbling. The price of the benchmark 10-year note rose nearly a full point, 31/32, to 101 8/32, yielding 4.09 percent, down from 4.21 percent Thursday. The 30-year's yield fell to 4.52 percent from 4.63 percent in the previous session The yield on the 2-year fell to 3.14 percent, from 3.22 percent in the prior session. The yield on the 5-year was 3.54 percent, down from 3.60 percent Thursday. On Thursday Treasury prices had also rallied as news of the assassination of Pakistani opposition leader Benazir Bhutto startled markets and sparked demand for safe assets. In economic news, sales of new homes plunged even more than expected to their lowest level in more than 12 years, leaving the market glutted with unsold homes and pointing to more trouble ahead for the battered housing market. In currencies, the dollar fell against the yen, buying ¥112.71 from ¥113.33 earlier. Against the euro, it bought €0.679, from €0.685 Thursday. |
Photo Galleries
When it comes to in-flight pampering, the amenity kits offered by these 10 airlines are the ultimate in luxury More
From a text therapy platform to apps that push you reminders to breathe, these self-care startups offer help on a daily basis or in times of need. More
From Uber's flying cars to the Hyperloop, these are some of the neatest transportation concepts in the works today. More
|
