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Treasuries Rise, 10-Year Note Falls – Market Update

Market Update1 Treasuries Rise, 10 Year Note Falls   Market UpdateTreasuries have spiked after a short lull in light of a European financial ministry withholding of Greece’s rescue page. Although treasuries rose, early morning reports indicate that the 10-year note plummeted 7 basis points to 1.97% overnight.

The week’s economic releases will wrap up today, following the University of Michigan Confidence report and a housing market rundown by Chairman Bernanke at 12:50 PM.

What’s Up on Wall Street?

For a change, it was another moderately positive day on Wall Street with all three major indexes seeing gains at the end of the day.  The Dow Jones Industrial Average climbed 6.51 points (0.05 percent), and the S&P 500 added 1.99 points (0.15 percent).  The biggest winner of the day was the Nasdaq Composite, which jumped 11.37 points (0.39 percent).

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About Stephanie Koske

While best known for her golfing skills prior to her writing, Stephanie competed in Tiger Woods' favorite game for 15 years as a junior and college player. If she hadn't spent the majority of her life chasing around a little white ball, Stephanie would have likely become a chart-topping DJ or makeup artist to the stars. Other loves include Cupid Shuffling, adding clothes to her closet like she's collecting for an apocalypse, spraying excessive amounts of spray butter on most of her food, and – of course - writing about ways to improve personal finance!

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