NEW YORK (CNNMoney) -- Treasury prices held steady Tuesday evening after Greek Prime Minister George Papandreou survived a confidence vote as he tries to secure more bailout money for his debt-riddled nation.
Investors had expected Papandreou to win the vote, which helped ease concerns over Greek's debt crisis and bolster confidence in the market.
Earlier, the price on the benchmark 10-year U.S. Treasury edged lower, pushing the yield up to 2.99%.
During Monday's session, the concerns over Greece's debt had pushed the benchmark 10-year yield to its lowest level this year in early trading. Bond prices and yields move in opposite directions.
On Tuesday, investors early on moved into riskier assets, with stocks moving higher on optimism about the vote.
If Papandreou's government had lost the vote, that could have sent investors flocking to the safe-haven of U.S. Treasuries.
What yields are doing: The 30-year yield rose to 4.22%, the 2-year yield rose to 0.38% and the 5-year yield was little changed at 1.55%.
Index | Last | Change | % Change |
---|---|---|---|
Dow | 32,627.97 | -234.33 | -0.71% |
Nasdaq | 13,215.24 | 99.07 | 0.76% |
S&P 500 | 3,913.10 | -2.36 | -0.06% |
Treasuries | 1.73 | 0.00 | 0.12% |
Company | Price | Change | % Change |
---|---|---|---|
Ford Motor Co | 8.29 | 0.05 | 0.61% |
Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
General Electric Co | 13.00 | -0.16 | -1.22% |
Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
Overnight Avg Rate | Latest | Change | Last Week |
---|---|---|---|
30 yr fixed | 3.80% | 3.88% | |
15 yr fixed | 3.20% | 3.23% | |
5/1 ARM | 3.84% | 3.88% | |
30 yr refi | 3.82% | 3.93% | |
15 yr refi | 3.20% | 3.23% |
Today's featured rates: