Treasuries Advance as Decline in Asian Stocks Feeds Demand for Safety

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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.