Treasury Yields Reach 3-Week Low on Ukraine, Economic Outlook

Treasury 10-year note yields touched the lowest level in almost three weeks as political turmoil in Ukraine boosted demand for safety and investors weighed prospects for the U.S. economy.

Bonds remained higher as the government sold $29 billion in seven-year notes to the most demand in more than a year. Treasuries headed for the biggest two-month gain in almost two years, returning 2 percent in 2014, according to indexes compiled by Bloomberg. Federal Reserve Chair Janet Yellen told lawmakers it’s difficult to discern just how much the harsh weather this winter has affected the world’s biggest economy.