U.S. 30-Year Yields Fall to Lowest Since 2009 on Fed Debt Buying
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Treasury 30-year bonds rose, pushing yields to the lowest level since January 2009, as the Federal Reserve bought $2.5 billion of longer-term debt and European fiscal concern overshadowed U.S. economic reports.
The extra yield for holding long bonds instead of five-year notes was the lowest in almost two years after the Fed started the program known as Operation Twist. Yields on 10-year notes briefly pared their decrease as the Institute for Supply Management reported manufacturing unexpectedly accelerated.