Treasuries Recoup Most of QE3 Losses Amid Growth Concern

Treasuries rose for a third day, recovering most of the losses posted since the Federal Reserve announced more debt purchases last week, as investors bet the U.S. economy faces a struggle even with additional stimulus.

The yield on the benchmark 10-year note was almost back to its closing level of Sept. 12, the day before the Fed announced a third round of bond-buying in the quantitative-easing stimulus strategy. Treasuries’ three-day climb is their longest winning streak this month. They pared gains as risk appetite rose after sales of existing American homes increased more than forecast.