U.S. 10-Year Notes Add to Longest Gain Since ’98 on Europe Debt
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Treasuries had the longest streak of weekly gains in more than 13 years after elections in France and Greece added to concern governments may struggle with deficit-cutting plans used to combat the region’s debt crisis.
Ten-year yields reached the lowest level since January as a $2 billion trading loss at JPMorgan Chase & Co. boosted demand for the safest assets. Thirty-year bonds gained for a sixth week as wholesale inflation declined last month before a report on May 15 that may show that consumer prices were unchanged.