Regions Financial Corp., the largest bank in Alabama, hired Andrew Findling to head junk-bond trading for its broker-dealer unit.
Treasuries climbed, pushing the 30- year bond yield down the most in seven weeks, as investors sought refuge on concern Europe’s fiscal turmoil will undermine the global economic recovery.
Treasuries rose as a weaker-than- forecast housing report and the simmering conflict between Russia and Ukraine led investors to seek a haven in government securities.
Treasury 10-year notes rose for the first time in three days as reports showed housing starts fell in May the most in more than a year and producer prices dropped.
Treasuries remained higher as the government sold $36 billion of two-year securities in the first of three note auctions this week totaling $100 billion.
Giddis Says Bonds Have Yet to Bottom