Economics
Treasuries Rise Third Day on Haven Bid Amid Slow Growth
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Treasuries rose for a third day as economic reports showed growth slowing in the world’s two largest economies, boosting the allure of U.S. government debt.
Benchmark 10-year note yields declined to the lowest level in four months as Chinese economic growth lost momentum in the first quarter, and as measures of manufacturing in the New York region and U.S. homebuilder confidence missed forecasts. Stocks and gold fell. Yields extended drops after explosions rocked the finish-line area of the Boston Marathon, killing at least two, spurring demand for the safety of U.S. government debt.