NEW YORK (AP) - Treasury yields are little changed even after elections in Greece appeared to diminish the odds that the country will drop the euro soon.
Instead of finding relief in Greece's election results, traders shifted their attention to Spain, where borrowing costs surged above 7 percent Monday. That kept demand high for U.S. Treasurys and other government bonds considered safe.
The price of the 10-year note inched up 25 cents for every $100 invested. The yield slipped to 1.59 percent from 1.60 percent late Friday. Stronger demand for bonds pushes their yields down.
The price of the 30-year bond rose 18.7 cents, while its yield fell to 2.67 percent from 2.69 percent Friday. The yield on the two-year note edged up to 0.29 percent from 0.28 percent.
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6/18/2012 1:40:21 PM (GMT -4:00)