Bloomberg News

U.S. Bonds Fall as Europe Debt Plans Erode Demand for Safety

October 26, 2011

Oct. 27 (Bloomberg) -- U.S. government bonds fell, as signs that a strategy to combat Europe’s debt crisis is almost in place damped demand for the relative safety of Treasuries.

Thirty-year bond yields rose two basis points to 3.24 percent at 10:52 a.m. in Tokyo.

European leaders are set to ratify an agreement with banks on a 50 percent writedown of Greek debt, said a European official who requested anonymity because the deliberations remained private.

The figure would pave the way for a broader package to recapitalize banks and boost a rescue fund.

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

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


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus