Treasury prices declined Tuesday, pushing yields up slightly, as investors grew more comfortable moving away from the relative safety of U.S. bonds and into stocks.
U.S. bonds had been higher in earlier trading amid concerns about European sovereign debt and lingering turmoil in Libya and the Mideast. Reports surfaced that Libyan leader Moammar Gadhafi may be negotiating an exit.
Traders said the reception to the government’s sale of 3-year notes was very average, offering little to drive the market for the day. They also continued to position for two more auctions of longer-dated debt this week.
March 15, 2011:
Investors sought the relative safety of U.S. Treasurys, sending prices higher and yields lower. The yield on the 10-year Treasury note dropped to 3.23 percent from 3.36 percent late Monday.
Well, that's one way to reignite interest in a failing brand, eh?
More "through my tears I see opportunity" I suppose...
(Insert funereal HAARP music of your choice)