TREASURIES-30Y bond rises over 1 point as safety bids grow
NEW YORK, Nov 10 (Reuters) - The price of U.S. 30-year Treasury bonds rose more than 1 point on Monday, as safe-haven bids for government debt and other low-risk assets intensified after the stock market turned negative.
The price of the longest U.S. government debt maturity US30YT=RR was up as much 1-4/32. Its yield, which moves inversely to price, hit a session low of 4.20 percent, down 7 basis points from late Friday.
Major U.S. stock indexes .DJI .SPX .IXIC , after opening higher, were down as much 1.7 percent on doubts about the future of General Motors GM.N and the impact of China's massive stimulus plan. (Reporting by Richard Leong; Editing by Dan Grebler)
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