By Deborah Levine, MarketWatch
NEW YORK (MarketWatch) — Treasury prices fell on Friday, pushing benchmark 10-year yields up after touching a new low, as Wall Street struggled to post gains and dampened the appeal of U.S. debt as an alternative asset.
Worries about European banks, the lack of action from global policy makers, and renewed fears that the Federal Reserve sees the economy slowing have pushed yields down this week by the most in six weeks.
Yields on 10-year notes; 10_YEAR +6.61% , which move inversely to prices, rose 9 basis points to 1.81%. A basis point is 1/100th of a percentage point.
They fell as low as 1.67% in morning trading, according to FactSet Research, an all-time low.
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http://www.marketwatch.com/story/treasurys-gain-as-stocks-head-lower-again-2011-09-23-839350?siteid=nwtpm
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