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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (255888)8/14/2003 5:33:47 PM
From: Giordano Bruno  Read Replies (3) of 436258
 
10-year Treasury sees safe-haven buying on power outage ($TNX) By Rachel Koning
CHICAGO (CBS.MW) -- A benchmark 10-year Treasury note got a flight-to-safety boost in post-U.S.-bond-market trading Thursday after an apparent grid overload cut power to New York City, Toronto and other major U.S. and Canadian cities. A 10-year note was recently up 26/32 at 98 11/32, dropping its yield to 4.46 percent. The prospect of potential problems for the U.S. economy and financial markets linked to the blackout increases demand for these lower-risk investments. The note closed higher-volume U.S. trading up 4/32 at 97 21/32 to yield 4.54 percent vs. 4.56 percent at the previous U.S. close.
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