US Treasurys Rally As Greece Exit Fears Return

NEW YORK (Dow Jones)–U.S. Treasury prices soared early Wednesday in New York, with haven assets coming back into demand as reality sank in about the growing possibility of Greece leaving the euro zone.

Investors flocked to the perceived safety of U.S. government bonds, with 30-year bonds leading the way, up 1 9/32 in recent trade to yield 2.831%. Benchmark 10-year notes gained 16/32 in price to yield 1.738%–again inching toward its all-time low of 1.672%. Bond prices move inversely to their yields.

Late Tuesday, former Greek Prime Minister Lucas Papademos told Dow Jones Newswires that the risk of Greece exiting …

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