Fri, 16 Nov 2012 18:02:05 GMT
Treasuries higher before output data
On Friday, treasuries were traded higher and headed towards the fourth weekly gain, as an upcoming report is widely expected to show a decrease in U.S. industrial output, amid increased demand for safer assets on fiscal cliff. The yield on benchmark 10-year government bonds declined by 1 basis points, reaching a level of 1.59% by 8:52 a.m. in London.