Treasuries Advance as European Credit Rating Cuts Boost Demand for Safety
By Wes Goodman -
2012-02-14T03:34:49Z
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 wgoodman@bloomberg.net
To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net
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