Summary Box: Treasury prices jump after Bernanke issues downbeat forecast

Summary Box: Treasurys soar on Bernanke’s outlook

BLAME IT ON BEN: Federal Reserve Chairman Ben Bernanke, in testimony before Congress, says the outlook for the U.S. economy remains “unusually uncertain.” Stocks plunged and Treasury prices rose as investors sought safety.

A DOWNBEAT VIEW: Bernanke also said it would take a “significant amount of time” to restore the 8.5 million jobs lost over 2008 and 2009.

RATES PLUNGE: Bernanke’s comments sent interest rates plunging in the Treasury market. The yield on the 10-year note, a benchmark for long-term borrowing costs, fell to 2.88 percent from 2.96 percent the day before.