Treasuries Rise for Second Day After 10-Year Sale Draws Demand

Treasuries Rise for Second Day After 10-Year Sale Draws Demand

Andrew Harrer/Bloomberg

A reduction in the Fed’s $85 billion in monthly debt purchases, known as quantitative easing, will end up supporting U.S. government securities, according to Mizuho Asset Management, which is part of Japan’s third-biggest bank as measured by market value.