вторник, 13 марта 2012 г.

Interest rates little changed after jobs report

Interest rates are trading in a narrow range in the bond market after investors received more news of tepid job growth.

The government says private employers added 83,000 jobs last month, which was below economists' forecast for 112,000 jobs, but more than double the amount added in May.

Job creation might be slower than economists had forecast, but it does indicate the economy is still expanding slightly. That has helped interest rates avoid any big movements Friday after touching their lowest levels since April 2009 earlier this week.

The yield on the 10-year Treasury note, a benchmark for mortgages and other kinds of loans, rose to 2.97 percent in afternoon trading from 2.95 percent late Thursday.

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