NEW YORK ? Treasury prices rose Monday after nervous investors returned to safe investments on worries over the fallout of weak European debt on the global markets.
Investors feared that Greece may not qualify for emergency funds it needs to avoid default. Athens struggled to convince officials from the European Commission, the European Central Bank and the International Monetary Fund that the country could meet strict budget targets promised in return for the international cash lifeline.
European finance ministers said Friday that they would delay authorizing an installment of emergency funds for Greece. Investors had been hoping for an earlier decision.
The benchmark 10-year Treasury note's price was up 84 cents per $100 invested. Its yield edged down to 1.95 percent from 2.07 percent late Friday. The 30-year Treasury bond gained $1.81 per $100 invested. Its yield fell to 3.22 percent from 3.33 percent.
The two-year Treasury note's yield was 0.16 percent versus 0.19 percent.
The three-month T-bill paid a yield of 0.01 percent, unchanged from late Thursday. Its discount wasn't available.
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