Thu, 13 Jun 2013 08:32:05 GMT
Plummeting Asian stocks increase appetite for bonds
Bond prices rose in the U.S., Japan and Australia as Asian stocks collapsed, increasing demand for safer assets. The yields rose this month on speculations that the Fed might end its QE, which kept borrowing costs low. 10-year Treasuries yields dropped 2 basis points to 2.21%, while similar maturity Japanese and Australian yields decreased 0.5 and 2 basis points respectively.