Treasuries Rise First Time in 4 Days Amid Emerging-Market Rout

Bloomberg (21/8) - Treasuries rose for the first time in four days on speculation a withdrawal of stimulus by the Federal Reserve may hurt weakening emerging economies, stoking demand for the safety of U.S. government debt. The U.S. 10-year yield fell seven basis points, or 0.07 percentage point, to 2.81 percent at 5 p.m. in New York, according to Bloomberg Bond Trader prices. The 2.5 percent benchmark note due in August 2023 rose 18/32, or $5.63 per $1,000 face amount, to 97 9/32. The yield climbed to 2.90 percent yesterday, the highest level since July 2011.