U.S. Treasurys prices rose on Thursday, getting a lift from weak global equity markets and breaking a long slide in prices that had pushed yields on 30-year bonds to more than 3 percent for the first time this year.
Gains were best among long maturities, with prices for 30-year Treasurys jumping more than 1 full point as European bond yields eased from peaks reached earlier in the day.
The MSCI world equity index, which tracks shares in 45 nations, was off 0.28 percent, while Wall Street traded higher after a weak opening.
"We are seeing a bit of a risk-off trade in equities that is translated into some buying of Treasurys," said Donald Ellenberger, strategist and portfolio manager at Federated Investors in Pittsburgh.
Pull-backs in German and other European government bond yields from early peaks were also likely benefiting Treasurys, Ellenberger said.