There was a modest rise in treasury prices on Monday, continuing an advance seen at the end of last week. The advance came amid fears that aid to Spain will not be enough to halt the growing euro-zone debt crisis.
The yield on the 10-year note, which moves in the opposite direction of its price, slipped 3.7 basis points to 1.6 percent.
U.S. bonds are often seen as a safe-haven investment. Concerns about the euro-zone debt crisis have made treasuries more enticing to investors.
After a rise at the end of May, treasuries saw a mild reversal during the early part of this month. This has halted lately, though treasuries remain off the highs reached at the beginning of June.
Governments of the euro-zone countries have agreed to lend Spain up to 100 billion euros to shore up the country's banks. The funds will help ease concern about disruptions in Spain's financial system - the latest concern in the euro-zone's ongoing debt crisis.
by RTT Staff Writer
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