Bloomberg News

Treasuries Advance as Europe Rating Cuts Boost Safety Demand

February 13, 2012

Feb. 14 (Bloomberg) -- Treasuries gained after Moody’s Investors Service cut credit ratings on six European countries, boosting demand for the relative safety of U.S. government debt.

The yield on the benchmark 10-year security fell two basis points to 1.96 percent as of 12:34 p.m. in Tokyo.

To contact the reporter on this story: Wes Goodman in Singapore at

To contact the editor responsible for this story: Rocky Swift at

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