NEW YORK (CNNMoney.com) -- Treasurys turned lower in late afternoon trading Thursday, after they had posted gains earlier the day on three disappointing economic reports.
What prices are doing: The price of the 10-year note ended the day 4/32 lower, at 104-23/32 with a 2.95% yield. Bond prices and yields move in opposite directions.
Meanwhile, the 30-year bond was flat at 108-18/32 and a 3.89% yield.
The 2-year note hovered around 100, with a yield of 0.64% and the 5-year note slipped 5/32 to 100-11/32 with a 1.81% yield.
What's moving the market: Treasurys slipped in late afternoon trading, but earlier in the day three key reports presented a worse-than-expected picture of the economy and spurred investors to buy up U.S. debt for its low-risk appeal.
A report from the Institute for Supply Management showed that the manufacturing industry grew in June, although at a much slower pace than economists expected, and The National Association of Realtors said its pending home sales index plunged 30% in May after the homebuyer tax credit expired.
Meanwhile, the government's weekly jobless claims report showed an unexpected rise in new claims. The report comes one day ahead of the government's monthly unemployment figures for June, which investors will closely watch as a gauge of the economic recovery.
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:
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% |
Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands. More |
Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files. More |
Honda and General Motors are creating a new generation of fully autonomous vehicles. More |
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More |
Whether you hedge inflation or look for a return that outpaces inflation, here's how to prepare. More |