Treasuries Rise for 2nd Day as Close Vote Adds Haven Bid
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Treasury 10-year notes rose for a second day as Americans prepared to choose a president with polls showing a close election that boosted demand for the perceived safety of U.S. government securities.
Benchmark securities extended a gain from last week as Greece struggles to win support for measures to obtain a bailout, adding demand for haven assets. President Barack Obama and challenger Mitt Romney will ask voters to choose who will steer the economy during the next four years in tomorrow’s vote as the winner faces the so-called fiscal cliff. The U.S. will sell $72 billion in notes and bonds this week starting tomorrow.