Treasuries Gain In August –

Treasuries posted their biggest monthly gains since December 2008.  Investors looked towards the safety of US Treasuries even as Standard & Poor’s downgraded US debt.  The yield on a 10 year note fell 60 basis points in the month of August as compared to a drop of 71 basis points in December 2008. 

To read a related Bloomberg article, please click here:

http://www.bloomberg.com/news/2011-08-31/treasuries-head-for-biggest-monthly-gain-since-2008-after-u-s-downgrade.html

James Sutliff