Treasurys higher on fresh European fearsStories
Treasurys strengthened modestly Wednesday morning on a fresh round of euro-zone fears, led by unconfirmed rumors of a possible German downgrade. Investors also worried about languishing European car sales, a sign of potentially slowing growth across the Atlantic. European stocks fell, increasing demand for Treasurys, with yields on the 10-year benchmark note /quotes/zigman/4868283/delayed 10_YEAR -1.45% falling to 1.714%, a drop of just over 1 basis point. The 30-year bond /quotes/zigman/4868063/delayed 30_YEAR -1.13% yield was down 2 basis points to 2.89% while the 5-year note /quotes/zigman/4868109/delayed 5_YEAR -1.56% was down 1 basis point to 0.69%. Wednesday promises to be a light day on domestic data as the Treasury market looks toward Thursday's weekly report on jobless claims.
Treasurys strengthened modestly Wednesday morning on a fresh round of euro-zone fears, led by unconfirmed rumors of a possible German downgrade. Investors also worried about languishing European car sales, a sign of potentially slowing growth across the Atlantic. European stocks fell, increasing demand for Treasurys, with yields on the 10-year benchmark note /quotes/zigman/4868283/delayed 10_YEAR -1.45% falling to 1.714%, a drop of just over 1 basis point. The 30-year bond /quotes/zigman/4868063/delayed 30_YEAR -1.13% yield was down 2 basis points to 2.89% while the 5-year note /quotes/zigman/4868109/delayed 5_YEAR -1.56% was down 1 basis point to 0.69%. Wednesday promises to be a light day on domestic data as the Treasury market looks toward Thursday's weekly report on jobless claims.
