U.S. Yields Fall Most in 2 Weeks as Greek Turmoil Stokes Demand
This article is for subscribers only.
Treasuries advanced, with the 10-year note yield falling the most in almost two weeks, as a renewal of political turmoil in Greece burnishes the refuge appeal of U.S. government securities.
The benchmark note’s yield advantage over its Group of Seven peers approached the most in eight years, fueling demand on concern a Greek election next month may reawaken the nation’s sovereign-debt crisis. Treasuries fell last week when data showed the U.S. economy grew the fastest in 11 years, and Wall Street forecasters said bonds will drop further next year. The rate on three-month Treasury bills reached a 15-month low.