Treasuries Climb After Milan Plane Crash
The 30-year bond is the strongest issue, but all maturities gain ground.
Treasuries were higher Thursday afternoon, thanks to the strength they acquired following news that a plane crashed into a high-rise building in Milan.
Not that Treasury traders revel in bad news, but U.S. government bonds and notes tend to rally on uncertainty, as investors seek the safety the securities offer compared with the volatility of equities.
Around 4 p.m. EDT, the two-year note was up 2/32 to 100 18/32, yielding 3.32%. The five-year was up 3/32 to 95 27/32, yielding 4.52%, and the 10-year was better by 5/32 to 97 14/32, with a yield of 5.21%. The 30-year bond was climbing 11/32 to 95 12/32 to yield 5.70%.
