Treasuries Decline Amid Central Bank Coordination Speculation
Treasuries fell as the U.S. sold $13 billion of 30-year bonds at a record low yield and traders speculation whether global central banks will coordinate assistance if Greek elections increase financial market turmoil.
Yields climbed after Reuters reported that policy makers are preparing for unified action as they gather this weekend for a summit in Mexico, citing officials linked to the Group of 20 nations. Prices have swung between gains and losses as investors debated whether the refuge appeal of U.S. government debt outweighs buying with yields close to record lows.
To contact the editor responsible for this story: Dave Liedtka at firstname.lastname@example.org