Treasuries Advance With German Bunds as Greece Boosts Safety Bid

Bonds from the U.S. to Germany to Australia rose after Greek voters opted against government spending cuts being demanded by creditors, increasing concern the nation will be forced to leave the euro bloc.

Benchmark 10-year fell to a two-week low as investors sought the relative safety of governments bonds and European stocks fell after Sunday’s referendum. The turmoil in Greece triggered traders to scale back the probability that the Federal Reserve will raise interest rates later this year.