KTRV Fox 12 Summary Box: GDP report drags Treasuryyields down
Member Center:
SLOWING ECONOMY: Gross domestic product, the broadest measure of the economy, grew at an annual pace of 2.4 percent in the second quarter. That's less than the 2.5 percent forecast of economists polled by Thomson Reuters.
SLIDING YIELDS: The yield on the 10-year note dropped to 2.91 percent from 2.99 percent late Thursday. A yield below 3 percent suggests investors are worried about long-term growth.
PRICES TICK HIGHER: The price of the 10-year note edged up 62.5 cents to $104.969, while the price of the 30-year bond added $1.50 to $106.656.
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
