Wall Street’s gain on Wednesday wasn’t enough to get investors out of Treasuries.
“A 180-point gain in the Dow Jones industrials was cut in half by late afternoon as investors showed a preference for American government notes, considered one of the world’s safest securities,” the New York Times wrote. The yield for two-year notes rose slightly to 0.85 percent; 10-year notes rose 2.68 percent.
Short-term bonds didn’t fare as well, the paper writes. The yield for one-month notes was around 0.02 percent, and three-month notes rose to 0.01 percent.