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NEW YORK (AP) - U.S. government bond prices inched down Tuesday as a glowing April manufacturing survey reminded investors yet again that the economy is too strong to warrant a cut in interest rates.
At 5 p.m. EDT, the 10-year Treasury note was down $1.25 per $1,000 in face value, or 4/32 point, from its level at 5 p.m. Monday. Its yield, which moves in the opposite direction, rose to 4.64 percent from 4.62 percent.
The 30-year bond fell 1/32 point. Its yield rose to 4.82 percent from 4.81 percent.
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