Business & Finance

Bonds rise on lower stock futures, stimulus bets

NEW YORK : US Treasuries prices rose on Tuesday as weaker US stock index futures and hopes of more stimulus from the

Published August 30, 2011 Updated August 30, 2011 02:42pm

1 min

By Imad Uddin

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Chicago Federal Reserve President Charles Evans told CNBC television he is worried about the economy. He favors more aggressive policy measures to help lower persistently high unemployment two years after the last recession.

Evans is a voting member this year on the Federal Open Market Committee, the central bank's policy setting group.

After declining Monday, benchmark 10-year Treasury notes last traded up 23/32 in price with a yield of 2.18 percent, down 8 basis points from Monday's close.

The 30-year Treasury bond traded as high as 104-8/32, up 1-17/32 from Monday's close. Their yield touched a session low of 3.52 percent versus 3.60 percent Monday.

US stock index futures signaled a lower market open after rising 8 percent in the past five sessions.

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