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Treasuries Rise as Asian Stocks Decline Feeds Demand for Safety

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March 6 (Bloomberg) -- 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

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