Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Treasuries Climb as Dollar Weakens Amid Drop in Risk Appetite

June 11 (Bloomberg) -- Treasuries climbed as investors sought haven while the dollar, stocks and commodities fell as risk appetite faded.

U.S. debt yields fell after rising following an auction of $32 billion of Treasury three-year notes that drew the lowest demand since 2010. They climbed earlier to 14-month highs amid concern the Federal Reserve will slow monetary stimulus. The yen strengthened beyond 100 per dollar after the Bank of Japan refrained from introducing additional stimulus measures.

“We’re seeing the influences of international markets,” said Christopher Sullivan, who oversees $2.1 billion as chief investment officer at United Nations Federal Credit Union in New York. “We have yen strengthening, which has really been the focus of the bond market for some time. Now we have a bit of a rally offsetting the much weaker auction we had.”

The benchmark 10-year yield fell two basis points, or 0.02 percentage point, to 2.19 percent at 2:24 p.m. New York time, according to Bloomberg Bond Trader prices. It increased earlier to 2.29 percent, the highest since April 4, 2012.

Thirty-year bond yields slid four basis points to 3.33 percent after rising earlier to 3.43 percent, also the highest since April 2012.

To contact the reporters on this story: Susanne Walker in New York at swalker33@bloomberg.net; Daniel Kruger in New York at dkruger1@bloomberg.net

To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.