U.S. 10-Year Yields Fall to 3-Week Low as Inflation Slows

Treasuries rose, pushing 10-year yields to the lowest level in three weeks, as data showing slower inflation bolstered bets Federal Reserve Chairman Ben S. Bernanke has more room to add monetary stimulus to spur growth.

Ten-year notes reversed a decline from yesterday as a measure of inflation in a Commerce Department report increased the least since October 2009. Thirty-year yields approached the lowest in more than two weeks as the Fed bought long bonds in a program to cap borrowing costs. The Treasury will auction $29 billion in seven-year notes today.