- Spain to Go to Market to Fund Banks, Regions
- Home Prices Hit Fresh Lows, But 'We See Signs of Hope'
- Cramer's Top Dividend Plays
- Why June Could Be a Turning Point for Markets
- Facebook Faces Extended US Review of Instagram Deal
- Shares of Facebook Fall Below $29 for First Time
- High-Tech Worker Shortage: Has Anything Changed?
- The Manic Incomes of the New York Rich
- Why the Global Rich Keep Relocating
- PB&J, Mac & Cheese Step Out From Kids-Fare Shadow
- Ackman: JCPenney Sales Have Hit 'Bottom'
- Goldman Investment Shines Light on Solar Power
- Facebook Options Soar on First Day
- Home Prices Hit Lows, But 'We See Signs of Hope'
- Auto Sales to Really Take Off This Summer?
- JPMorgan Debacle Points to Regulatory Incompetence, Corruption
- Are You Ready for Facebook Options?
- Option Bulls Dig Into Ivanhoe Near Lows
MOST SHARED
- BlackBerry Maker RIM Hires Advisers to Review Business
- Stocks to Watch: RIMM, LULU, DAL & More
- Facebook Stock Falls Below $29 for First Time
- Metals ETFs Attracting Safe Haven Crowd
- Social Responsibility Builds Long-Term Success: Opinion
- Spreading Around Your Retirement Wealth Tax Free
- See Fast Money Live from Chicago - Thursday June 7th
- Home Prices Hit Lows, But 'We See Signs of Hope'
- Consumer Confidence Has Biggest Drop in Eight Months
- High Tech Worker Shortage: Has Anything Changed?
MOST POPULAR
HOT ON FACEBOOK
Long Bonds Extend Price Gains on Europe Fears
Text Size 
U.S. 30-year Treasurys bonds extended price gains to two full points on Monday as fears of spreading debt problems in Europe sparked a safety bid for U.S. debt.
 |
The 30-year bond last traded up 2 5/32 in price to yield 2.96 percent, down from 3.06 percent late on Friday. Benchmark 10-year notes rose 23/32 in price to yield
![[cnbc explains]](http://media.cnbc.com/i/CNBC/Sections/News_And_Analysis/_News/_CNBC_EXPLAINS/_IMAGES/CNBC_explains_icon1.gif)
1.82 percent, the lowest level since Dec. 20.
Portugal's debt
protection costs hit new records and credit default swaps
for other countries, including Spain and Italy, weakened on fears they would run into the same issues plaguing Greece.
Tensions between Greek and German leaders over whether Athens should maintain control of its budget also added to negative sentiment over the region.
“The main concern right now is if the situation in Greece will trickle out to Spain, or Portugal or Italy,” said Jason Rogan, director of Treasurys trading at Guggenheim Partners in New York. “These counties are much larger in size and the effects of them having similar issues to Greece will be much more worrisome,” he said.
The Federal Reserve's
statement last week that it will likely hold interest rates near zero until late 2014 added to bond buying.
“The Fed gives people a lot more comfort in being long Treasurys, knowing that they are pretty much on hold for a very long time,” said Rogan.
Treasurys were little moved after economic data showed U.S. consumer spending was flat in December as households took advantage of the largest rise in income in nine months to boost their savings.
- Companies that establish sustainable principles are positioned for long-term success, says this blogger.
- Advanced manufacturing is about customization, high-precision and performance. And it’s everywhere.
- Many veterans are turning to franchising as a way to make a living once they are out of the military.
- Have you ever wished you could just quit your job and follow your dream? These people have.
- Emerging-market bulls should look to Brazil, South Africa and Russia, as well as Thailand and South Korea.
- Some beers are better than others. An annual competition chose the ones that are the best.
Data is a real-time snapshot *Data is delayed at least 15 minutes
