Treasurys rise as investors seek safe havens

NEW YORK (MarketWatch) � Treasury prices rose on Wednesday, sending yields lower as investors sought safe-haven assets.

Yields on benchmark 10-year notes 10_YEAR �dropped 3 basis points to 1.98% in morning trading.

Treasury prices and yields move in opposite directions.

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Yields on 30-year bonds 30_YEAR �declined 3 basis points to 3.18% and yields on 5-year notes 5_YEAR �fell 3 basis points to 0.84%.

Treasurys are typically seen as a safe-haven investment and investors tend to buy them when they are unwilling to take on risk.

U.S. stock futures pointed to a lower opening on Wall Street, with futures on the Dow Jones Industrial Average DJH3 �down 55 points.

No major economic data are schedule for release on Wednesday.

Treasury prices had fallen on Tuesday as U.S. stocks rebounded and fears in Europe eased.