http://www.bloomberg.com/news/2011-08-08/treasuries-rise-reversing-loss-as-asian-share-slide-boosts-debt-demand.html
Treasuries surged, pushing 10-year note yields down to the least since January 2009, as tumbling stock markets sparked demand for the safety of government debt. reversing an initial decline in response to Standard & Poor’sdecision to cut the U.S. long-term credit rating.
Two-year yields fell to a record low after Japanese Finance Minister Yoshihiko Noda said Treasuries were attractive. U.S. 30-year bonds gained as much as two points before the Federal Reserve convenes a policy meeting tomorrow and Treasury will hold the first of three debt auctions totaling $72 billion. Group of Seven nations said they will take every action necessary to stabilize financial markets after S&P on Aug. 5 lowered the U.S. rating by one level to AA+.
Treasuries surged, pushing 10-year note yields down to the least since January 2009, as tumbling stock markets sparked demand for the safety of government debt. reversing an initial decline in response to Standard & Poor’sdecision to cut the U.S. long-term credit rating.
Two-year yields fell to a record low after Japanese Finance Minister Yoshihiko Noda said Treasuries were attractive. U.S. 30-year bonds gained as much as two points before the Federal Reserve convenes a policy meeting tomorrow and Treasury will hold the first of three debt auctions totaling $72 billion. Group of Seven nations said they will take every action necessary to stabilize financial markets after S&P on Aug. 5 lowered the U.S. rating by one level to AA+.
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