Treasuries Gain Amid Renewal of Refuge Demand From European Woes
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Treasuries climbed as investors sought a haven in the safest securities amid political and economic turmoil in Europe.
Benchmark 10-year notes pared a third weekly loss as Germany and its allies turned up pressure on Greece to accept their conditions to stay in the euro as top finance officials gathered in Brussels on the issue. The head of the Danish Economic Council said he never advised the nation’s central bank or the government to impose capital controls, contradicting a Reuters report.