Bloomberg News

Treasuries Advance on Concern at Greece Debt, U.S. Slowdown

June 27, 2011

June 27 (Bloomberg) -- Treasuries rose, pushing yields to the lowest level this year, on speculation the government of debt-saddled Greece will struggle to gain parliamentary approval for deficit-reduction plans this week.

Benchmark notes also rose for a fourth day before a U.S. report that economists said will show consumer spending rose at the slowest pace in almost a year.

The yield on the 10-year note declined two basis points to 2.84 percent as of 6:05 a.m. in Tokyo, according to Bloomberg Bond Trader prices. The rate is the lowest since Dec. 1.

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


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