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Treasuries Advance as Greek Election Boosts Safety Bid

Treasuries extended a weekly gain as reports showing industrial production unexpectedly fell and consumer confidence slid added to speculation the Federal Reserve will provide more stimulus to sustain economic growth.

Yields on the benchmark 10-year note remained less than a quarter-percentage point above the record low reached two weeks ago as investors continue to seek a refuge from Europe’s financial turmoil. Volatility rose to the highest since March amid speculation central banks will take steps to boost growth as investors await Greek elections this weekend.