“U.S. Treasuries advanced for a second day and the dollar strengthened on speculation the so-called fiscal cliff and Federal Reserve bond purchases will boost demand for debt. European stocks gained, while Spanish bonds fell after a debt sale.
The yield on five-year Treasuries fell two basis points to 0.66 percent at 7:20 a.m. in New York. The dollar advanced against 11 of its 16 major peers. The Stoxx Europe 600 Index (SXXP) rose 0.4 percent. Standard & Poor’s 500 Index futures added 0.2 percent after yesterday decreasing 2.4 percent. The yield on Spain’s 10-year rose 13 basis points to 5.82 percent. Oil climbed 1 percent and the S&P GSCI gauge of 24 commodities advanced 0.5 percent.”
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