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Treasurys fall as traders buy riskier investments

Associated Press Modified: July 13, 2012 at 4:00 pm •  Published: July 13, 2012

U.S. Treasury prices fell modestly Friday, pushing their yields higher, as traders sold the ultra-safe investments and piled into stocks.

The Dow Jones industrial average had its best day this month, closing up 204 points. The rally snapped its longest losing streak since mid-May. Driving the Dow higher was JPMorgan, the country's biggest bank, which posted higher net income than analysts had expected.

European stock markets closed sharply higher after figures about Chinese economic growth that were less dire than some had feared.

The price of the 10-year Treasury note fell 16 cents for every $100 invested, pushing its yield up to 1.49 percent from 1.48 percent late Thursday. The yield had been as low as 1.47 percent overnight.

The price of the 30-year Treasury bond fell 34 cents per $100 invested, pushing its yield up to 2.60 percent from 2.56 percent late Thursday.

The yield on the two-year Treasury note rose to 0.26 percent from 0.25 percent. The yield on the three-month Treasury bill fell to 0.09 percent from 0.10 percent.


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