Treasuries Pare Gains on Call to Give Greece More Time on Budget
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Treasuries pared a gain after Austrian Chancellor Werner Faymann said Greece should get more time on budget targets as European Union leaders gathered for a two-day meeting in Brussels.
U.S. government debt advanced earlier, after the biggest two-day selloff in seven months, as German Chancellor Angela Merkel said Greek reforms were moving at a “snail’s pace” while clashes broke out in central Athens during a second general strike in three weeks. Thirty-year yields earlier slid for the first time in four days as the Labor Department reported that initial jobless claims rose more than forecast last week.