Treasury 10-Year Yields Touch Two-Week Low Amid Demand for Haven

Treasury 10-year note yields fell to the lowest level in almost two weeks as investors sought the safety of government debt before jobs data tomorrow that will help guide the Federal Reserve’s path on monetary stimulus.

U.S. government securities briefly extended gains as stocks fluctuated after European Central Bank President Mario Draghi refrained from announcing more monetary stimulus. The Labor Department will report tomorrow that nonfarm payrolls increased by 163,000 jobs in May, a Bloomberg survey forecast. The U.S. said it will auction $66 billion in Treasuries next week.