NEW YORK (AP) - Treasury prices rose, sending interest rates lower, as the latest bout of volatility on world stock markets made investors more risk-averse.
Stock markets ended mostly lower in the U.S. and Europe Tuesday after the euro hit another four-year low against the dollar.
Investors are still not convinced that Europe will be able to contain a debt crisis that started in Greece and has been showing signs of spreading to other weak European countries like Portugal and Spain.
The yield on the 10-year Treasury note, a widely used benchmark for consumer loans, edged down to 3.27 percent from 3.29 percent Friday. U.S. markets were closed Monday for Memorial Day.