Treasury 10-Year Yields Decline to 2013 Low on Safety
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Treasuries rose, pushing 10-year note yields to the lowest levels of the year, as signs of global economic weakness and a renewal of concern that terrorism is increasing in the U.S. fueled demand for the safest assets.
Benchmark yields extended the drop after the FBI said an envelope addressed to President Barack Obama may contain ricin and denied that any arrests had been made in the April 15 Boston Marathon bombings. Stocks declined amid a Dow Jones report that Bundesbank President Jens Weidman said the European Central Bank may cut interest rates if the developments warrant it. Federal Reserve Bank of St. Louis President James Bullard said a further drop in inflation could prompt more bond buying.