Treasuries Rise Before Fed Purchases as Selloff Brings Buyers
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Treasury 30-year bonds rose, paring the previous week’s steepest fall since September, as higher yields, concern over the debt ceiling and the prospect of more central-bank debt purchases attracted investors.
Treasury benchmark 10-year note yields at almost the highest level since May lured buyers back to the market as the Federal Reserve prepared to purchase as much as $9.75 billion in longer-dated debt next week, part of its third round of bond purchases under the quantitative-easing strategy.