U.S. 10-Year Yields Fall Most in 10 Weeks on Europe

Treasury 10-year note yields declined the most in 10 weeks as refuge demand re-emerged amid political turmoil adding to concern Europe’s economy may founder.

U.S. 10-year notes, which have suffered more than double the losses of the broader Treasury market this year, lured investors after yields exceeded 2 percent and reached a 10-month high. Efforts to trim the European Union budget added to concern the region’s economy will struggle to expand and German exports grew less than forecast in December. The Treasury will sell $72 billion in coupon securities next week.