Treasurys nearly unchanged as economic hope rises

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Associated Press

Posted on July 18, 2012 at 10:01 PM

Updated Wednesday, Jul 18 at 10:02 PM

U.S. Treasury securities are ending the day nearly unchanged after a strong stock market rally tied to hopes about corporate profits and the housing market.

Intel reported a big jump in second-quarter earnings Wednesday, lifting other technology stocks. The Dow Jones industrial average closed up 103 points.

The government said builders broke ground last month on the most new homes and apartments in four years.

Despite the lure of riskier investments, ultra-safe Treasurys remain popular with investors still fretting about the European debt crisis. Leaders there appear to be squabbling again, postponing hopes for a lasting solution.

The price of the 10-year Treasury note rose 9 cents for every $100 invested, leaving its yield at 1.50 percent, unchanged from late Tuesday.

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