Markets Mixed As President Prepares Budget |
| February 15, 2011 | February 2011 Bond Updates |
|
Markets had a weak open Monday as talk of spending cuts to address the rising national deficit pushed short-term bond yields up slightly higher. A report issued to President Obama by the Treasury Department showed that interest rate expenses will triple to 3% of GDP by 2016, up from 1.3% in 2010, to service the nearly $9 trillion in government debt. Short term bond yields increased slightly to 3.64% for the benchmark 10-year Treasury, while the 30-year bond yields fell to 4.68%. |
| View more at: http://blogs.forbes.com/heatherstruck/2011/02/14/markets-mixed-as-president-prepares-budget/ |
| Related News |
|