Fears of global slowdown pushes up Treasurys

Stock Quotes, Real time quotes at the stock exchange Daniel Haller

(AP) U.S. Treasury prices are rising as worrisome signals from overseas raise fears that a global slowdown will hurt higher-risk investments.

Stocks, oil, and metals prices all fell Thursday after a Chinese manufacturing index suggested that factory activity there is slowing. China has given the global economy crucial momentum since the financial crisis of 2008.

A separate survey measuring Europe's factory and service sectors also indicated contraction. As they sold higher-risk investments, traders moved money into Treasurys.

The price of the 10-year Treasury note rose 25 cents for every $100 invested, pushing its yield down to 2.27 percent as of 1:30 p.m. Eastern from 2.29 percent late Wednesday.

The yield rose earlier Thursday after the government said that new claims for unemployment benefits fell last week to a four-year low.



Live Video

Market Data

Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Market News

Stock Watchlist