Treasuries fall after Japan pledges European bond buy

Treasury prices fell Tuesday, after Japan announced it will buy eurozone bonds to help prevent the spread of the region’s debt crisis.

The announcement reversed a three-day rise in bond prices. Treasury prices have been rising ever since reports on weekly unemployment claims and the December job market both came in weaker than expected last week.

Then, over the weekend, jitters about Europe’s debt crisis came back into the spotlight, as Portugal is under pressure to take a bailout. That uncertainty about the euro zone lent additional support to Treasury prices, sending yields — which move in the opposite direction — falling Monday.

Since U.S. Treasuries are viewed as a low risk asset in times of uncertainty, their prices often rise when economic news disappoints

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