Treasuries Rise on Haven Demand as Stocks, Precious Metals Fall
A worker carries a metal door during production at a manufacturing facility in Sacramento, California.
Photographer: David Paul Morris/BloombergTreasuries rose as investors sought refuge from a slide in US equity benchmarks from near record highs and a slump in the price of precious metals.
The move sent yields about one basis point lower across most tenors, with the two-year note’s falling to the lowest level since Jan. 15, before closing around 3.56%.