NEW YORK (CNNMoney.com) -- Treasury prices fell Wednesday as investors flocked to more risky assets in the stock market.
What prices are doing: The 10-year note was down 13/32 to 104-12/32 with a yield of 2.98%, up from 2.94% late Tuesday. Bond prices and yields move in opposite directions.
The 2-year note eased 1/32 to 100 and a yield of 0.63%, while the 5-year note lost 3/32 to 100-14/32 and yielded 1.78%.
The 30-year bond fell 1-7/32 to 107-8/32 and its yield was 3.95%.
What's moving the market: With no major economic reports to set the tone, investors appeared to focus on the stock market.
Stocks rallied, with the Dow Jones industrial average closing over 270 points higher, amid optimism about corporate profits, particularly in the banking sector.
In addition, a stronger euro helped ease some concerns about the debt crisis in Europe and boosted commodity prices.
Worries about economic growth in Europe and the United States have helped support prices for U.S. notes and bonds, which are considered among the safest assets available. But demand for safe-haven Treasurys evaporated as investors regained their appetite for risk.
On Tuesday, Treasury prices closed higher after a rally in the stock market faded in the afternoon.
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 |