Treasuries Battered From All Sides Suffer an April Drubbing
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Maybe Treasuries investors should have spent April in Paris.
U.S. government debt fell on the month, dragged down by speculation the Federal Reserve was prepared to raise interest rates this year as a rout swept across European bonds, lessening the appetite for relatively higher U.S. yields. The dollar dropped for a third week as investors shunned U.S. assets.