Treasurys higher as Europe's debt worries persist (AP)

NEW YORK ? Treasury prices are higher as traders continue to cower from fear that the European debt crisis will take more time to resolve.

The price of the benchmark 10-year Treasury note rose 47 cents per $100 invested Friday. Its yield fell to 2.04 percent from 2.10 percent.

Traders worried about whether a European Union summit next week would be able to produce a solution to the debt crisis engulfing the euro zone.

Bond investors looked past a surprise drop in the U.S. unemployment rate last month to 8.6 percent, the lowest level in 2 1/2 years.

The yield on the 30-year bond fell to 3.04 percent from 3.10 percent.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20111202/ap_on_bi_ge/us_credit_markets

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