Treasuries Rise First Time in Five Days on Greece Talks
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Treasuries advanced for the first time in five days on speculation euro-area finance ministers meeting will struggle to agree on a plan to clear an aid payment to Greece, underpinning demand for the safest assets.
The benchmark 10-year yield fell from the highest level in two weeks after pro-independence parties in Spain’s Catalonia won a majority in a regional vote, strengthening a drive for a referendum on secession. Euro-area finance chiefs are meeting in Brussels today, less than a week after an all-night meeting failed to yield agreement on Greece. At stake is the continuation of a three-year mission to return Greece to financial health.