10-year note gains nearly a point as stocks slip

NEW YORK (BestGrowthStock) – The U.S. 10-year Treasury note revisited session highs, gaining nearly a full point in price from a safe haven bid as stocks slipped to session lows on Monday.

U.S. stocks (Read more about the stock market today. ) drifted to session lows after President Barack Obama said he and his economic team had discussed additional steps to promote economic growth.

The benchmark 10-year Treasury note’s price, which moves inversely to its yield, rose 31/32 for a yield of about 2.54 percent.

(Reporting by John Parry and Burton Frierson; Editing by Chizu Nomiyama)

10-year note gains nearly a point as stocks slip