Treasuries gained, pushing 10-year yields down from the highest level in seven weeks, as concern Europe may take longer to contain its sovereign debt turmoil boosted demand for the safest assets.
Investors from Deutsche Bank AG to BlackRock Inc. are accelerating purchases of speculative-grade bonds as relative yields decline at the fastest pace this year.
Bunds rose, with benchmark yields dropping from a six-week high, as Germany rebuffed optimism that the latest plan to end the region’s debt woes will bring an imminent resolution to the crisis.
Corporate bond risk in Australia is dropping at the fastest pace in two years, beating declines in Europe and the U.S. as investors bet a global financial crisis will be averted.
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