TREASURIES-U.S. bond prices turn negative as stocks pare losses
NEW YORK May 23 (Reuters) - U.S. government debt prices turned negative on Thursday, as Wall Street stocks pared their earlier losses, reducing the earlier safehaven bids for bonds.
Benchmark 10-year Treasury notes were 2/32 lower in price at 97-11/32, yielding 2.044 percent, up 0.9 basis point from late on Wednesday. The 10-year yield hit a session low of 1.965 percent after touching a session high of 2.069 percent in overseas trading.
The three major U.S. stock indexes were lower in late morning trading with the Standard & Poor's 500 index down 0.4 percent.
- Pennsylvania newlyweds "just wanted to murder someone together:" police
- WTO overcomes last minute hitch to reach its first global trade deal
- North Korea frees U.S. Korean War veteran after seven weeks |
- Ice storm causes blackouts, delays in Texas, Arkansas
- Colorado baker discriminated by denying gay couple wedding cake: judge