Investors pushed European debt yields to record lows Wednesday on bets that Mario Draghi, president of the European Central Bank, (above, at a press conference earlier this month in Germany) will push for lower interest rates at a policy meeting next week. (Photo by Daniel Roland/AFP/Getty Images)
Global investors flocked to U.S. Treasury securities Wednesday, driving the yield on 30-year bonds to the lowest in more than a year, as European yields hit record lows. "As Europe moves to lower yields, money is moving into the U.S. Treasury market to take advantage of the bigger spread between the two," said one fixed-income pro in New York. He described the Treasury's auction of five-year notes Wednesday as "fantastic." [Full Story]
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