Bond Report: 10-year Treasury yield slips below 2.60%, hitting 2 ½-month low, amid weaker-than-expected data [MarketWatch]
Bryn Mawr Bank Corporation (BMTC)
Last bryn mawr bank corporation earnings: 4/20 05:15 pm
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Source: MarketWatch
10-year Treasury yield slips below 2.60%, hitting 2 ½-month low, amid weaker-than-expected data U.S. Treasury prices on Friday rallied, pushing yields lower, as a batch of weaker-than-expected data pointed to a domestic economy that was cooling, raising fresh worries about a slowdown in global growth that may start to hurt domestic expansion. The 10-year Treasury note yield TMUBMUSD10Y, -1.33% lost 4.1 basis points to 2.587%, touching its lowest level since early January. Meanwhile, the 2-year note yield TMUBMUSD02Y, -0.84% shed 2.7 basis points to 2.434%. The 30-year bond yield TMUBMUSD30Y, -0.84% gave up 3.3 basis points to 3.011%. Bond prices rise as yields falls, and demand for U.S. government debt is typically driven by worries about sluggish growth and geopolitical uncertainty. A reading of industrial output signaled that a global economic slowdown is putting pressure on the U.S. manufacturing sector. U.S. industrial production rose by 0.1% in February, below the 0.4% i
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