Treasurys slip even after Europe delays Greek aid

NEW YORK — Government bond prices are slipping even after European officials failed to release more aid money to Greece.

E.U. finance ministers delayed a decision on providing a loan payment for Greece at a weekend meeting. In order to get that aid, Greece has to pass more budget cuts.

In early afternoon trading, the 10-year note is down 25 cents for every $100 invested. The lower price nudged the yield up to 2.97 percent from 2.95 percent late Friday.

Greece's debt crisis and signs that the U.S. economic recovery is losing strength have drawn traders to Treasurys over recent weeks, pushing down yields. Long-term interest rates for U.S. government debt remain near their lows for the year.

The two-year Treasury yield inched up to 0.39 percent from 0.38 percent late Friday.