Treasury yields slid on Monday from their highest rates reached in a month, according to AP. The yield on the benchmark 10-year Treasury touched 2.83 percent Monday morning. It marked the highest rate for the note since early August, before a series of economic reports sent the yield lower. But by 9 a.m. Monday, the 10-year yield had reversed course, falling as investors stepped into the market. When buyers bid up the price, the yield falls. By late afternoon, the yield had dropped to 2.75 percent, down from 2.79 percent on Friday. The price of the note maturing in 2020 rose to $98.93, up 46.8 cents from late Friday. Treasury yields climbed last week on the strength of better-than-expected economic news, as investors sold safe Treasury debt in search of riskier, but potentially more lucrative, assets. In other trading on Monday, the yield on the 2-year note inched lower, to 0.54 percent from 0.57 percent late Friday. The note's price moved up 8 cents to $99.65. The yield on the 30-year long bond also fell _ from 3.87 percent to 3.85 percent. The price of the note maturing in 2040 rose 46.8 cents to $100.44. The three-month T-bill was unchanged, paying a yield of 0.13 percent. Its discount was 0.14 percent.
