Treasuries Advance With European Bonds While U.S. Stocks Retreat

Thirty-year Treasuries extended a fifth monthly gain, the longest rally since 2006, and European bonds climbed while U.S. stocks fell before a report that may show a contraction in the world’s largest economy.

Yields on 30-year bonds slipped seven basis points to an 11-month low of 3.29 percent at 4 p.m. in New York. Portugal, Spain and Italy led a rally in European 10-year bonds. The Standard & Poor’s 500 Index lost 0.1 percent after reaching a record yesterday. The Stoxx Europe 600 Index fell less than 0.1 percent after reaching a six-year high yesterday. New Zealand’s dollar slid 0.8 percent. Coffee and hogs led commodities lower.