Treasuries hold as Greece votes

June 21, 2011: 7:33 PM ET
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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.

Promise of more money - and pain

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%. To top of page

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%
Data as of 6:29am ET
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%
Data as of 2:44pm ET
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15 yr fixed3.20%3.23%
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15 yr refi3.20%3.23%
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