Bloomberg News

Treasuries Rise, Snapping 5-Day Decline, Before Spending Data

September 29, 2011

Sept. 30 (Bloomberg) -- Treasuries rose, with benchmark 10- year notes snapping a five-day decline, before data forecast to show U.S. personal spending growth slowed last month.

Ten-year yields dropped two basis points to 1.98 percent as of 12:08 p.m. in Tokyo, according to Bloomberg Bond Trader prices. The 2.125 percent security due in August 2021 gained 1/8, or $1.25 per $1,000 face amount, to 101 9/32.

To contact the reporter on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net

To contact the editor responsible for this story: Jonathan Annells at jannells@bloomberg.net


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