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

Nov. 2 (Bloomberg) -- 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