Concerns over Europe keep traders buying Treasurys (AP)

Treasury prices are edging slightly higher as concerns over Europe's debts continue to overshadow signs of strength in the U.S. economy.

In Monday afternoon trading, the price of the 10-year Treasury note is up 28.1 cents for every $100 invested. Its yield fell to 1.93 percent from 1.97 percent late Friday.

Worries that Europe's debt crisis will turn worse has kept demand high for ultra-safe Treasurys.

Italy's long-term borrowing costs remained high even as the leaders of France and Germany met Monday to discuss the region's debt crisis.

In other trading, the 30-year Treasury bond rose 71.8 cents for every $100. Its yield slipped to 2.98 percent from 3.01 percent Friday. The yield on the two-year note dropped to 0.25 percent from 0.26 percent.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20120109/ap_on_bi_ge/us_credit_markets

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