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Treasuries Gain as Fed Says It’s Ready to Easy Policy Further

Treasuries rose, pushing the yield on the 10-year note down the most in six weeks, as the Federal Reserve signaled its willingness to ease monetary policy further to boost the economy and return inflation to its target.

The two-year note yield touched a record low this week on speculation the central bank will increase purchases of U.S. debt to keep interest rates low. The Treasury announced that it will auction $100 billion in 2-, 5- and 7-year notes next week, compared with $102 billion in August.