Sun, Feb 12, 2006 - Page 10 News List

US markets eye Bernanke for guidance

HOLDING PATTERN Wall Street turned in a lackluster performance for the week as investors awaited the new Fed chairman's testimony before Congress on Wednesday

AFP , NEW YORK

The bond market was mixed amid an inversion of yields and a reintroduction of the 30-year bond by the Treasury.

The yield on the 10-year US Treasury bond rose to 4.581 percent from 4.533 a week earlier, and that on the 30-year bond fell to 4.547 percent from 4.638 percent. Bond yields and prices move in opposite directions.

The unusual scenario puts the 30-year bond at roughly the same yield as that of the 10-year bond and below that of the two-year bond, which was yielding 4.681 percent.

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