Treasuries Advance as Central Banks Act to Spur Growth

Treasuries gained as European Central Bank President Mario Draghi said economic risks remain after policy makers in the region cut interest rates to a record low, underscoring the refuge appeal of U.S. government debt.

Longer-maturity securities led the gains as the ECB joined the People’s Bank of China and the Bank of England in increasing stimulus during a 45-minute span to bolster a faltering world economy. A report tomorrow is forecast to show the U.S. added fewer than 100,000 jobs for a third month.