The euro fell for the first time in six days against the yen as European Union finance ministers gathered for a third meeting this month to try to reach agreement on aid for Greece.
The euro fell to a two-week low against the dollar after Spain’s bonds dropped and the central bank said gross domestic product declined this quarter, stoking concern the region’s debt crisis is worsening.
Treasury 10-year notes rose for an eighth day, the longest run of gains since December 2008, as investors sought safety with Spanish debt yields climbing toward levels that prompted other European nations to seek bailouts.
The euro approached a two-year low against the dollar on concern the region’s financial crisis is far from being resolved even after officials agreed on an aid package for Spain’s banks.
Treasuries rose amid concern the European debt crisis will worsen as Spain’s regional governments are said to be struggling with finances, stoking demand for government debt.