August 16, 2010 / 9:17 AM / in 7 years

TREASURIES-10-year yields hit fresh 16-month low

 LONDON, Aug 16 (Reuters) - The 10-year U.S. Treasury note
yield fell to a fresh 16-month low in Europe on Monday with
weakness in equity markets stimulating demand for U.S.
government debt.
 The 10-year yield US10YT=RR fell as low as 2.65 percent,
its lowest since early April 2009.
 "It's real money out of Asia buying," a bond trader said.
 The move also came after Japanese government bond prices
rose on data showing Japan's economy grew much less than
expected in the second quarter. [ID:nTOE67901S]
 (Reporting by William James and Ian Chua; Editing by John

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