Treasuries Rise; U.S. Growth May Slow Regardless of Rescue Plan

Treasuries rose as traders speculated the U.S. will enter a recession regardless of whether lawmakers approve a plan to rescue the financial system.

The yield on the two-year note tumbled 18 basis points, or 0.18 percentage point, to 1.78 percent at 10:07 a.m. in New York, according to BGCantor Market Data.
The 2 percent security maturing in September 2010 rose 11/32, or $3.44 per $1,000 face amount, to 100 13/32.
The 10-year note yield fell 15 basis points to 3.68 percent.
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