NEW YORK (AP) -- Government debt prices are sliding after the government sold $13 billion in bonds to investors.Treasury auctioned the 30-year bonds to investors at a yield of 4.19 percent. A warning from Moody's late Wednesday that it was reviewing the U.S. government's credit rating didn't keep buyers away. Investors placed bids for 2.80 times the $13 billion up for sale. Traders characterized demand for the bonds as strong.The price of the 10-year note rose 46.8 cents for every $100 invested in late afternoon trading Thursday. The lower price raised the yield to 2.94 percent from 2.89 percent.The price of the 30-year Treasury dropped $1.15, while the yield rose to 4.24 percent from 4.17 percent. The yield on the 2-year note rose to 0.38 percent from 0.35 percent.
After rising 80% in the past seven months, Japan's benchmark Nikkei 225 stock index finally blinked. A staggering …