Treasuries Rise in Asia on Concern Europe’s Debt Plan Faltering

Treasuries climbed in Asian trading amid concern Greek Prime Minister George Papandreou’s pledge to put the European Union’s financing package to a referendum risks a disorderly default if rejected.

The yield on 30-year debt fell 2 basis points, or 0.02 percentage point, to 2.98 percent as of 9:06 a.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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