Treasuries Rise Second Day Amid Waning Bets Fed Will Slow Buying

Treasuries advanced for a second day as some investors dismissed as overblown speculation that the Federal Reserve was about to slow its bond-buying stimulus program aimed at holding down borrowing costs.

Ten-year notes extended gains after climbing the most yesterday in almost four months and rose for the first week since April. The benchmark yields fell from 14-month highs reached this week as investors weighed whether the economy is accelerating enough for the Fed to consider cutting stimulus. Chairman Ben S. Bernanke has said slowing won’t mean an end to easing. The Federal Open Market Committee meets June 18-19.