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Monday March 22, 06:29
Treasurys get lift from geopolitical tensions

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Treasury prices rose and yields fell in early U.S. trading Monday, as investors sought a low-risk investment after the assassination in Gaza City of Hamas spiritual leader Sheikh Ahmed Yassin by Israeli forces. Hamas has vowed revenge against Israeli and U.S. targets. Sheikh Yassin was the most prominent Palestinian leader after Yassir Arafat. Notes and bonds backed by the U.S. government are a traditional "safe haven" investment amid geopolitical unrest. The 10-year note was up 6/32 at 102 2/32, yielding 3.75 percent vs. 3.77 percent at the U.S. close on Friday.
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