Goldman Says Fed Purchases May Include 30-Year Bonds

Goldman Sachs Group Inc., one of the 18 primary dealers that trade with the Federal Reserve, said a resumption of asset purchases by policy makers next week would likely include 30-year Treasury bonds.

Traders have speculated that the Fed would focus on buying U.S. government debt maturing in 10 years and less as part of a policy known as quantitative easing to sustain the economic recovery by keeping borrowing costs low. Ten-year Treasury notes serve as a benchmark for loans ranging from corporate debt to mortgages. Policy makers conclude their two-day meeting Nov. 3.