Treasuries Rise for Fourth Day on Debt-Limit Talks

Treasuries rose for a fourth day on speculation political wrangling between President Barack Obama and lawmakers over the U.S. debt ceiling will curb economic growth, fueling demand for the safety of debt.

Ten-year yields touched the lowest level in two weeks as the World Bank cut its global-growth forecast, saying austerity and high unemployment will weigh on developed nations. U.S. government debt remained higher after a report showed inflation remains at bay, allowing the Federal Reserve to add monetary stimulus without triggering a surge in prices. The Fed bought $1.47 billion of Treasuries as part of its program to cap borrowing costs.