Treasury Yields Near 20-Month Low on Signs Economy Is Slowing

Treasury 10-year yields were within 6 basis points of the lowest level since January 2009 before a report this week that economists said will show manufacturing activity slowed this month.

Five-year yields were close to the least in two years after the Conference Board said consumer confidence dropped more than economists forecast, spurring expectations the Federal Reserve will take further measures to keep borrowing costs low. The U.S. is scheduled to auction $29 billion of seven-year debt today, the last of three note sales this week totaling $100 billion.