Tags: US | Credit | Markets

Interest Rates Rise After Positive Housing News

Friday, 23 Apr 2010 03:09 PM

 

Interest rates are rising in the bond market following a surprisingly strong report on new home sales.

The Commerce Department reported that sales of new homes jumped 27 percent in March, the biggest monthly increase in 47 years. Analysts say sales were boosted by a federal homebuyers' tax credit that's set to expire soon.

There was also some relief that Greece decided to trigger a bailout package to help manage its debt.

The yield on the benchmark 10-year Treasury note rose to 3.82 percent from 3.78 percent.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved