Bloomberg News

Treasuries Advance as Greece Concern Increases Demand for Safety

June 20, 2011

June 20 (Bloomberg) -- Treasuries rose as concern Greece is moving closer to a debt default spurred demand for the relative safety of U.S. government securities.

The yield on the benchmark 10-year note dropped two basis points to 2.93 percent as of 6:13 a.m. in London, according to Bloomberg Bond Trader prices.

To contact the editor responsible for this story: Nicholas Reynolds at nreynolds2@bloomberg.net


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