Treasury yields hold near 19-month lows By Ben Rooney, staff reporter

NEW YORK ( -- Treasurys yields fell Thursday after the government sold $29 billion in 7-year notes one day before a key report on U.S. economic growth and a highly-anticipated speech by the chairman of the Federal Reserve.

The benchmark 10-year note yielded 2.49% at 4 p.m. ET in New York. That's down slightly from 2.54% late Wednesday and near the lowest level since January 2009.

The yield on the 2-year note was 0.52%, close to an all-time low, while the 5-year yield slid to 1.38%. The yield on the 30-year bond fell to 3.52% from 3.57%.

Treasury yields rose modestly earlier in the day after a better-than-expected data on weekly jobless claims helped ease concerns about the economy. But the positive sentiment faded in the afternoon as investors braced for the latest reading on the nation's economic growth and a statement from Fed chief Ben Bernanke on Friday.

Meanwhile, the government sold $29 billion in 7-year notes in the last of three auctions this week totaling $102 billion. The bid-to-cover ratio, which measures demand, was 2.98 at Thursday's auction. That's up from the last 7-year sale in July.

Looking ahead, a revised reading on U.S. gross domestic product is expected to show Friday that the nation's economy grew at an annual rate of 1.4% in the second quarter, according to consensus of economists surveyed by That's down sharply from the previously estimated 2.4% growth rate.

Also on Friday, Bernanke is expected to speak at an annual meeting of central bankers in Jackson Hole, Wyo. It is not known what he will discuss, but investors are eager to hear the Fed chief's view on the health of the economy and what the Fed might do to stimulate activity.

Treasury yields fell sharply earlier in the week on disappointing housing data. Sales of new and existing homes sunk last month, raising fears about the outlook for the U.S. economy.

Many investors view Treasurys as a safer alternative to more risky assets such as stocks. As a result, prices for U.S. bonds and notes often rise, pushing yields lower, when investors are more concerned about safety than profits. To top of page

Just the hot list include
Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.80%3.88%
15 yr fixed3.20%3.23%
5/1 ARM3.84%3.88%
30 yr refi3.82%3.93%
15 yr refi3.20%3.23%
Rate data provided
View rates in your area
Find personalized 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%
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


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

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.