Bloomberg News

Treasuries Rise, Erasing Earlier Decline, as Asian Stocks Drop

October 20, 2011

Oct. 20 (Bloomberg) -- Treasuries rose, erasing an earlier decline, as Asian stocks fell, boosting demand for the relative safety of government debt.

Yields on the 10-year note fell 1 basis point, or 0.01 percentage point, to 2.15 percent at 6:27 a.m. in London. Yields earlier climbed as high as 2.18 percent.

The MSCI Asia Pacific Index of stocks dropped 1.9 percent.

To contact the reporter on this story: Wes Goodman in Singapore at wgoodman@bloomberg.net

To contact the editor responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net


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