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Treasuries Gain With Gold, U.S. Stocks Erase Drop: Markets Wrap

  • 10-year yield falls to 3-week low, bullion at 3-month high
  • Oil advances past $52 a barrel, gold extends advance
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LSE's De Grauwe: Markets Move From Paralyzed to Overshot

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Treasuries rose for a fourth day and gold reached a three-month high as demand for haven assets persisted with investors assessing political risks in Europe and the U.S. American equities erased losses after crude rebounded above $52 a barrel

The S&P 500 Index was little changed as energy producers turned higher after an unexpected slide in U.S. gasoline supplies boosted the price of crude. Bank shares slipped as yields on 10-year Treasury notes fell to 2.33 percent. Bond auctions in Europe lifted debt in Germany and Portugal. Gold topped $1,240 an ounce. Bloomberg’s dollar index fell for the first time in three days.