NEW YORK — Treasury prices fell Thursday as a key buyer of U.S. government bonds leaves the market and Greece moves closer to averting a default.
The Federal Reserve's bond-buying plan officially came to an end Thursday. The central bank bought $600 billion in U.S. bonds over the past eight months to keep interest rates low and support the economy.
Treasurys have been falling since Monday. The price of the 10-year note fell 43.7 cents Thursday for every $100 invested. Its yield rose to 3.17 percent from 3.11 percent late Wednesday. The yield has risen 0.34 percentage points since last Friday. Bond yields rise when their prices fall.
Greek lawmakers passed a cost-cutting bill that had to be approved before international lenders would release $17 billion in rescue funds the country needs to avoid defaulting on its debt.
In other trading, the yield on the 30-year Treasury bond was unchanged at 4.37 percent.
The yield on the three-month T-bill was unchanged at 0.01 percent. Its discount was 0.02 percent.