Wed, 28 Nov 2012 13:43:17 GMT
Treasuries gain after fiscal cliff talks
On Wednesday, treasuries were traded higher, extending a 3-day long streak of gains, on speculations that fiscal cliff talks are making little progress, which increased demand for safer assets. The yield on benchmark 10-year government bonds declined by 2 basis points a reached a level of 1.62% by 6:24 a.m. New York time.