July 23rd, 2010
02:07 PM ET

Treasurys fall after European banks pass test

Treasury prices dipped Friday after regulators said most of Europe's major banks passed stress tests, easing worries about the euro zone economy.

What prices are doing: The benchmark 10-year note was down 7/32 to 104-18/32 and its yield rose to 2.96% from 2.93% late Thursday. Bond prices and yields move in opposite directions.

The 30-year bond lost 17/32 to 106-27/32 and its yield was 3.98%, while the 2-year note fell less than 1/32 to 100-4/32 and its yield was 0.58%. The 5-year note slipped 3/32 to 100-27/32 with a yield of 1.7%.


Filed under: Business • Economy
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