US 30-year bond extends gain to one point

NEW YORK: US 30-year Treasury bonds extended an early price gain to one point on Monday as investors sought safety amid concern about possible US fiscal contraction in 2013 and the euro zone.

The 30-year bond, which had been up more than 3/4 of a point, extended that gain to a point, allowing its yield to ease to 2.78 percent from 2.83 percent late on Friday.