Treasuries Rise First Time in 4 Days Amid Emerging-Market Rout
This article is for subscribers only.
Treasuries rose for the first time in four days on speculation a withdrawal of stimulus by the Federal Reserve may hurt weakening emerging economies, stoking demand for the safety of U.S. government debt.
Ten-year benchmark yields dropped from the highest level in more than two years after a technical indicator used by some traders suggested a reversal was imminent. Emerging-market stocks fell the most in six weeks as Indonesian shares extended a slump and currencies from Thailand to India weakened on concern capital outflows will accelerate.