Treasuries Rise a Second Quarter Amid Growth Pessimism

Treasuries rose for the second straight quarter, bolstered by their longest rally since 2008, as concern global growth is slowing and Europe’s debt crisis is worsening stoked demand for the haven of U.S. government debt.

Gains were tempered, with 10-year yields rising from a record low, as added stimulus from the European Central Bank and the Federal Reserve encouraged risk appetite. Stocks surged before falling for the past two weeks as U.S. data showed a weak economy and American and European leaders struggled over ways to pay their nations’ debt. A report next week may show the U.S. added less than half as many jobs in September as in January.