Bonds gains on reports euro zone downgrades

13 Jan, 2012

Credit rating agency Standard & Poor's is set to downgrade several euro zone countries, not including Germany, on Friday, a senior euro zone government source said.

The 30-year Treasury bond was up 1 point in price to yield 2.92 percent, down 5 basis points from Thursday. The 30-year yield is hovering at its lowest yield in more than a week.

Copyright Reuters, 2012

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