Bloomberg News

Treasuries Rise as Europe Debt Concern Spurs Demand for Safety

July 19, 2011

July 19 (Bloomberg) -- Treasuries advanced as the debt crisis in Europe fueled demand for the relative safety of shorter-maturity debt.

The yield on the benchmark 10-year note dropped two basis points to 2.91 percent as of 6:57 a.m. in London, according to Bloomberg Bond Trader prices. The 3.125 percent note maturing in May 2021 gained 5/32 to 101 26/32.

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


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