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Business & Finance

30-year Treasury bond gains over a point in price

NEW YORK : The US 30-year Treasury bond gained over a point in price on Tuesday as worries over Europe 's debt crisis
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By Imad Uddin
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NEW YORK: The US 30-year Treasury bond gained over a point in price on Tuesday as worries over Europe's debt crisis bolstered safe-haven demand for US government debt.

Thirty-year bonds were trading 1-7/32 higher in price to yield 3.24 percent, down from 3.30 percent late Friday. Bond yields dipped to as low as 3.21 percent in the overnight session.

Benchmark 10-year notes were trading 9/32 higher in price to yield 1.96 percent, down from 1.99 percent late Friday.

 

Copyright Reuters, 2011

 

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