Treasurys increase on worries over Japanese disaster (MarketWatch) (14-03-2011)

NEW YORK -- Treasury prices rose on Monday, pushing yields down, with traders being uncertain about the outlook for growth as Japan tries to recover from its earthquake and tsunami last week, keeping up interest in the relative security of U.S. debt.

The European Union has still unaddressed problems regarding its peripheral members while continued war in Libya and Saudi troops entering Bahrain, where protests continue, have kept oil prices up.

Due to the unfolding events in Japan, the Middle East and the EU debt crisis, Treasury rates increase in a lower speed while yields on U.S. 10-year notes which move inversely to prices, fell 3 basis points to 3.38%.

Source: MarketWatch