Treasury 10-year yield falls to record low on Europe debt crisis

Treasuries gained, with 10 years of falling yields to a record, that speculation Germany prepares for a defect in Greece has stimulated demand for the safest assets.

Benchmark notes advanced for a third day of European and Asian stocks fell and the yen strengthened on signs the debt crisis in the euro area is deteriorating. Treasury also rallied before the reports that economists said will show U.S. retail sales and consumer price gains slowed in August. The United States is expected to sell $ 66 billion of notes and bonds this week, starting with an auction of $ 32 billion debt over three years now.

"Bond yields will fall as a safe haven away from these low levels given the market is in extreme fear," said Charles Berry, a fixed income trader at Landesbank Baden-Wuettemberg in Stuttgart. "That's the problem in the euro area that prompted this feeling. I tend to do my Christmas shopping in London, and I already bought my book last week because I do not know if we will have the euro in December. It's so bad. "

The 10-year yield fell three basis points to 1.89 percent at 9:58 in London, according to the price of Bloomberg Bond Trader. Both.Note 125 percent due August 2021 rose 9 / 32, or $ 2.81 per nominal value of $ 1,000, to 102 eighth. The rate soon fell to a record 1.8770 per cent.

Members of the government of Chancellor Angela Merkel discussed how to strengthen German banks if Greece does not respect the terms of the budget cut its aid program and is unable to secure a bailout loan payment, officials said Sept. 9.

U.S. retail sales rose 0.2 percent in August from July, the slowest pace of three months, according to a Bloomberg News survey of economists before the report from the Commerce Department on Sept. 14. Consumer prices rose 0.2 percent, following a 0.5 percent gain in July, economists said before the Department of Labor September 15 data.

The difference between yields on 10 year notes and securities Treasury inflation protected, a gauge of expectations for consumer prices over the term of the debt, narrowed for a second day in a , 97 percentage points. The average over the last five years is 2.05 percentage points.

The Stoxx Europe 600 index fell 2.3 percent and the MSCI Asia Pacific fell 2.3 percent

Treasury fell in early trading in Asia on yields record low concern will reduce demand for auction this week.

"The market seems to be dictated by fear," said Roger Bridges, who oversees the equivalent of $ 15.6 billion of debt as a leader based in Sydney Bond Tyndall Investment Management Ltd., a unit of Japan Nikko Asset Management Co. Yields have fallen enough that they offer more value, he said.

Visit to Germany at Christmas time and enjoy the Christmas Markets ...

Visit Germany at Christmas time and enjoy Christmas Markets in Germany

Do you plan to go to Germany before Christmas? Winter is beautiful in Germany: all towns and villages across the country to become magical wonders of traditional German Christmas Markets.

Christmas fairs and markets a unique atmosphere. It’s like a fifth season in Germany. It is fun for everyone and a shopper’s paradise: you can buy all kinds of goods as Christmas gifts, toys, wood carvings, marionettes, candles and lambskin shoes.

The most difficult thing is deciding which Christmas market in Germany is the best! Fairly large cities in Germany have more than a Christmas visit.

has the TOP 10 list of Christmas Markets in Germany:

1. Dresden

The Dresden Christmas Market is the oldest and a very popular event in Germany. The visitors from Berlin, Leipzig and Frankfurt / Oder go every weekend in Dresden to enjoy this fantastic place on Altplatz in Dresden. Dresden is also known as the Florence of the North with an incredible late Baroque architecture and other very important sites such as the Frauenkirche (Church of women). This city is a fashion city in the fable.

2. Cologne

Cologne is the city celebrates the festival of Germany known as the city she with the most sympathetic of citizens and the Christmas market in Cologne is probably The most popular Christmas market in Germany (voted by foreigners). In the city, there are six Christmas markets, including one on the steam of the Rhine River Cruise and a medieval Christmas market in front of the Chocolate Museum in Cologne. Here you can enjoy Kölsch beer and wine with hints of “Schuss”, which means hot wine with rum or liqueur.

3. Regensburg

Regensburg is a beautiful medieval town of Bavaria, famous for the cathedral, the stone bridge and the houses of Italian-style medieval merchants and towers. The Christmas Market in Regensburg is very popular with tourists from Austria, Italy and Slovenia who love sausage Regensburg original with sweet mustard and a variety of 40 different kinds of Glühwein (mulled wine red), which you will find only in Regensburg! Visit Bavaria!

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