WASHINGTON Another flight from stocks late yesterday prompted a rally in the Treasury security market. Stock prices began to crumble well after lunch and ultimately the Dow Jones industrial average closed down a whopping 91.52 at 3677.99. On Monday, the Dow lost nearly 46 in late-day trading.
The 30-year bond was quoted up 19/32 late yesterday at a price of 93 1/32, pushing the yield down to 8.07% from 8.13% the previous day. The 10-year note did relatively better, gaining 14/32 at 99 16/32, pushing its yield down seven basis points to 7.94%.