Bloomberg News

Treasuries Drop as EFSF Expansion, Economic Outlook Sap Demand

November 29, 2011

Nov. 30 (Bloomberg) -- Treasuries fell for a fourth day as the expansion of the European Financial Stability Facility bailout fund and a projected increase in pending home sales in the U.S. curbed demand for the safest assets.

The yield on the benchmark 10-year note rose one basis point to 2 percent as of 9:32 a.m. in Tokyo.

To contact the reporter on this story: Monami Yui in Tokyo at myui1@bloomberg.net

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


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