Treasuries pared a second consecutive weekly advance amid signs Cyprus is moving closer to an agreement that will help it win an international bailout. Benchmark 10-year note yields still remained below 2 percent for a sixth day after the Greek Finance Ministry said the nation is working closely with Cyprus to stabilize the banking sector. Russian Prime Minister Dmitry Medvedev said the nation remains open to discussions after rejecting Cyprus’s offer of assets for assistance. “We’re going to be tied to headlines coming out of Europe,� said Thomas di Galoma, a managing director at Navigate Advisors, a brokerage for institutional investors in Stamford, Connecticut. “There has been some positive comments out of both the E.U. and out of the Cyprus government. There has also been positive comments out of Russia saying we’re still negotiating.� The 10-year yield rose one basis point, or 0.01 percentage point, to 1.93 percent at 7:54 a.m. in New York according to Bloomberg Bond Trader prices. The yield is down seven basis points this week. The price of the 2 percent note due in February 2023 fell 3/32, or 94 cents per $1,000 face value, to 100 21/32. To contact the reporters on this story: Susanne Walker in New York at swalker33@bloomberg.net To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net

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