Bloomberg News

Treasuries Advance as Decline in Asian Stocks Feeds Demand for Safety

March 05, 2012

Treasuries gained as Asian stocks declined, spurring demand for the relative safety of U.S. government securities.

The yield on 10-year U.S. debt fell two basis points, or 0.02 percentage point, to 1.99 percent as of 1:32 p.m. in Tokyo.

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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