US treasuries in demand as investors seek safe havens

The price of US treasury yields has risen as investors seek the safety of government debt in wake of the Japan crisis.

The asset has boded well, with the yield on the benchmark 10-year US treasury falling from 3.35% to 3.27% last night, its lowest point since the start of December, according to the FT. However, there has not been much of an appetite from investors for other safe haven assets with the price of gold falling. The price of bullion fell 0.8% to $1,416 an ounce, also dragging the price of silver into negative territory. Meanwhile, riskier assets have plummeted with the Australian dollar falling, while oil has also fell with brent crude contracts down 1.8 per cent to $111.61 a barrel.