Jan. 6 (Bloomberg) -- Treasuries advanced as Asian stocks dropped, spurring demand for the relative safety of U.S. government debt.

The yield on 10-year notes fell two basis points, or 0.02 percentage point, to 1.98 percent at 1:47 p.m. in Tokyo, according to Bloomberg Bond Trader prices. The 2 percent security maturing in November 2021 climbed 1/8, or $1.25 per $1,000 face amount, to 100 5/32.

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