Health Care Bill Helped Treasurys Rise

• Date: March 22, 2010
• Source: Admin

The historic health care bill has resulted in U.S. debt price rise.

The benchmark 10-year note rose 9/32 to 99-23/32 and its yield fell to 3.664%. The 30-year bond rose 4/32 to 100-27/32 and its yield fell to 4.63%. The 2-year note rose 1/32 to 99-26/32 with a yield of 0.98%. The 5-year note rose 8/32 to 99-27/32 with a yield of 2.41%.

Continued crisis of Greece and other European countries, commonly known as ‘PIIGS’ is also fueling the demand of dollar dominated assets like Treasurys. Kevin Giddis, president of fixed income at Morgan Keegan believes that the PIIGS debt crisis will pass eventually, but as long as the near-term outlook for European economies remains cloudy, "I would hate to be a seller of Treasurys at these levels,".

Source: http://money.cnn.com/2...campaign=Feed%3A+rss%2Fmoney_markets+%28Markets%29