NEW YORK -- Investors are pulling money out of Treasurys after expectations faded that the Federal Reserve will need to buy bonds to stimulate the economy. The yield on the 10-year Treasury note jumped to 2.63 percent in afternoon trading Friday, up from 2.50 percent late Thursday. That yield helps set interest rates on mortgages and other kinds of loans. Fed Chief Ben Bernanke said the central bank will step in if the economy deteriorates "significantly" and if signs of deflation appear....
Full Story: The News & Observer
