Tags: US | Credit | Markets

Interest Rates Tumble After SEC Charges Goldman

Friday, 16 Apr 2010 05:22 PM

 

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Interest rates tumbled in the bond market after the government charged Goldman Sachs with fraud related to mortgage investments.

The Securities and Exchange Commission says in a civil complaint Friday that Goldman didn't disclose that a client helped to create and then place bets against subprime mortgage securities that Goldman sold to investors.

Concern over the reach of the ramifications on Goldman and other banks sent Treasury prices higher and pushed down yields.

The yield on the benchmark 10-year Treasury note maturing in February 2020 fell to 3.77 percent from 3.84 percent Thursday.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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