NEW YORK (AP) - Treasury prices rose, sending interest rates lower, as the latest bout of volatility on world stock markets made investors more risk-averse.
Stock markets ended mostly lower in the U.S. and Europe Tuesday after the euro hit another four-year low against the dollar.
Investors are still not convinced that Europe will be able to contain a debt crisis that started in Greece and has been showing signs of spreading to other weak European countries like Portugal and Spain.
The yield on the 10-year Treasury note, a widely used benchmark for consumer loans, edged down to 3.27 percent from 3.29 percent Friday. U.S. markets were closed Monday for Memorial Day.
(Copyright 2010 by The Associated Press. All Rights Reserved.)