T-Bonds Find New Demand As Spain's Woes Worsen
Posted on November 26, 2012 at 18:47 PM EST
Treasury prices rose Monday as fiscal challenges in the U.S. and political uncertainty in Spain fed investors' appetite for safe-haven assets. The gains followed losses last week in thin holiday trading after signs a deal might be reached to avert the "fiscal cliff" of spending cuts and tax increases -- due to take effect in early 2013 -- allowed the safety bid to dwindle. However, by Monday the optimism on the fiscal cliff talks was more tempered,