The Veridian Blog

Rates are down.... from Associated Press:

NEW YORK (AP) -- Treasury prices are rising for a third day in a row as fears grow over Japan's nuclear crisis.

Treasurys jumped, sending yields to their lowest levels this year, after the European Union's energy chief was quoted as saying that Japan's nuclear crisis could get much worse. Traders often use U.S. government bonds as a refuge in times of turbulence.

The yield on the 10-year note dipped as low as 3.15 percent in late morning trading, then recovered. In afternoon trading the yield was 3.21 percent, down from 3.32 percent late Tuesday. The price rose 81.2 cents for every $100 invested.

The 30-year bond rose $1.25. Its yield fell to 4.39 percent from 4.47 percent. The yield on the two-year note dropped to 0.56 percent from 0.61 percent.