Treasuries Advance for First Time in Six Days on Greece Impasse
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Treasuries rose for the first time in six days after euro-region finance ministers failed to reach an agreement on how to keep bailout funds flowing to Greece.
Benchmark 10-year yields dropped from near the highest level in five weeks as concern Greece is heading for default or an exit from the euro area spurred demand for safer assets. Thirty-year bonds advanced before the U.S. sells $16 billion of the securities after an auction of 10-year notes on Wednesday saw the highest demand from overseas investors in more than three years.