Treasuries Extend First Weekly Gain Since April Before Payrolls
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Treasuries advanced, extending their first weekly gain since April, before a government report that economists said will show U.S. job growth slowed last month.
Benchmark 10-year yields approached the lowest in two weeks as signs the recovery is losing momentum prompts investors to pare bets the Federal Reserve will end bond purchases. The yield jumped 11 basis points on May 22 when Fed Chairman Ben S. Bernanke said officials may taper bond purchases if they become confident gains in the economy will be sustained. A measure of volatility in Treasuries reached the highest since June 2012.