Treasurys little changed even as stocks rise (AP)

January 17, 2012

NEW YORK – Treasury prices were little changed Tuesday even as stock markets in the U.S. and Europe rose.

Strong growth in China and successful sales of government debt in Europe combined to push stock markets higher Tuesday. But the market for U.S. government bonds barely budged. Bond traders are reluctant to sell Treasurys, considered one of the world’s safest places to park money, for fear that Europe’s debt troubles could soon get worse.

The price of the 10-year Treasury note rose 6.25 cents for every $100 invested. The yield edged down to 1.86 percent, from 1.87 percent late Friday. The market was closed Monday for the Martin Luther King Jr. holiday.

In other trading, the price of the 30-year Treasury bond rose 25 cents for every $100. Its yield slipped to 2.90 percent from 2.91 percent. The two-year note’s yield ended the trading day at 0.23 percent, unchanged from last Friday.

In the market for short-term bills, the three-month T-bill paid a 0.02 percent yield.

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