Treasuries Rally After Weekly Drop as Barclays, Nomura Say Buy
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Treasuries rebounded after their biggest drop since February as the highest yields in 2015 lured back buyers.
Prices rose as investors reevaluated views that a stronger-than-forecast June 5 report on jobs creation would prompt the Federal Reserve to raise interest rates sooner. Money-market traders cut the likelihood of a September hike to 52 percent from 54 percent on Friday, according to Bloomberg data. Barclays Plc and Nomura Holdings Inc. said Treasury yields look attractive.