Thread: Investors Gobble Up Longer-Term Treasurys

AUGUST 20, 2010, 5:36 P.M. ET.

Investors Gobble Up Longer-Term Treasurys

BY MARK GONGLOFF

The 30-year Treasury bond enjoyed its best week since May, as investors burrowed further into the safe haven of government debt amid signs of a weaker economy.

The price of the so-called long bond rose, driving the yield, which moves in the opposite direction, down to 3.661%. The move was the biggest since the European debt crisis was at full boil—a time when investors were piling into Treasurys—and the yield is now near its lowest since April 2009.

After spending months favoring shorter-term debt like two-year and 10-year Treasurys, investors during the week focused on 30-year debt.

http://online.wsj.com/article/SB1000142 ... ns_markets

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