Treasuries fell as speculation the European Central Bank may take additional steps to prevent the euro region’s debt crisis from spreading diminished the appeal of U.S. securities as a haven.
U.K. 10-year gilts gained the most in three weeks and two-year yields dropped to a record after Standard & Poor’s said Germany and France may be downgraded as policy makers remain divided on how to solve the region’s crisis.
"The key element to what Constancio said is everything will go according to the ECB's capital key, so basically buying lots of bunds."
- Marc Ostwald on Nov 26, 2014
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