U.S. 10-Year Yields Touch 10-Week Low on Debt-Cut Talks

Treasuries rose, with 10-year note yields touching a 10-week low, as President Barack Obama held a preliminary debt-reduction meeting with lawmakers, who called the session “constructive.”

Treasuries advanced for a fourth straight week, the longest stretch of increases since July, on concern an impasse will develop in Washington. Volatility in Treasuries dropped to a five-year low yesterday. Total foreign holdings of Treasuries rose for a 10th straight month to $5.46 trillion in September, a report showed.