Treasuries Recover Most of Losses That Followed Fed

Treasuries regained most of the losses posted after the Federal Reserve announced more stimulus as traders bet slowing global growth will make it difficult for policy makers to reach their goal of lowering unemployment.

Yields on benchmark 10-year notes dropped 11 basis points this week, putting them below the level reached just before the Fed said on Sept. 13 it would keep borrowing rates unchanged into 2015 and buy mortgage securities. Prices fluctuated earlier today as speculation European leaders were making progress on the region’s debt crisis reduced the refuge appeal of U.S. debt.