NEW YORK (MarketWatch) — U.S. Treasurys remained in high demand on Tuesday after data showed U.S. import prices climbed 1.4% in February owing to 3.7% increase in petroleum costs and, as Japan’s nuclear crisis escalated.
The 10-year (UST10Y 3.24, -0.13, -3.71%) yield fell as low as 3.203%, a three-month nadir, from 3.349% late Monday.
Japan will continue to be the key focus of the financial markets, which could overshadow even a Federal Reserve policy statement is due at 2:15 p.m.
The 10-year yield was recently 1 1/32 higher, yielding 3.245%.
