Treasury Yields Fall to Lowest in 2011 on Sovereign-Debt Crisis
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Treasury notes rallied, pushing yields to this year’s lows, as U.S. stocks fell on concern Europe’s sovereign-debt crisis is getting worse.
Two-year notes rose for an 11th consecutive week in the longest rally since the 1980s on speculation Greece’s government will struggle to pass austerity measures needed to secure a bailout. U.S. securities extended their gains after breaking through a level where orders to sell may have been clustered.