2010.09.2400:12:00UTC+00Treasuries Up In Asia, Yield Curve Flattens As Expectations Of Policy Easing By Fed Mounts

News:

• The Fed's stance helped Treasuries rally this week
• A retreat in the region's stock markets also added to the safe-haven allure of government debt
• The benchmark 10-year note yield briefly touching a three-week low below 2.50 pct on Thursday
• On Friday the 10-year note was up 2/32 in price to yield 2.54 pct, down 2 basis points from late U.S. trade on Thursday
• The two-year note was little changed in price to yield 0.423 pct, holding near a record low of 0.407 pct hit earlier this week
• The spread between two-year and 10-year yields tightened by around 3 basis points to roughly 211 basis points