June 15 (Bloomberg) -- Treasuries rose for a third day after Russia’s Finance Minister Alexei Kudrin said the nation has full confidence in dollar and there were no immediate plans to switch to a new reserve currency.

The yield on the 10-year note fell three basis points to 3.77 percent as of 9:16 a.m. in Tokyo, according to BGCantor Market Data. The price of the 3.125 percent security maturing in May 2019 rose 7/32, or $2.19 per $1,000 face amount, to 94 21/32. A basis point is 0.01 percentage point.

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

Last Updated: June 14, 2009 20:19 EDT