Treasuries Climb as Safety Demand Increases on Ukraine
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Treasuries rose, sending 30-year yields to a 14-month low, as conflict in Ukraine spurred investor demand for safety and reports signaled the U.S. economy will struggle to gain traction.
Yields on U.S. 10-year securities dropped to the lowest since June 2013 as Ukraine said its troops attacked a military convoy that entered the country from Russia. A gauge of U.S. consumer confidence unexpectedly fell, and manufacturing in the New York region declined more than forecast, stoking bets the Federal Reserve will be slow to raise interest rates. The German 10-year bund yield touched a record low.