Treasuries Advance, Snap Longest Run of Losses Since 2012
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Treasuries advanced, with 10-year notes gaining for the first time in eight days, ending their longest run of declines in more than a year.
Treasury inflation-linked securities headed for their second-worst monthly slump on record before U.S. data tomorrow that economists said will show the Federal Reserve’s preferred measure of inflation was near an all-time low. Federal Reserve Chairman Ben S. Bernanke said last week the central bank may reduce bond buying this year if economic growth is in line with central bank projections. The U.S. will sell $35 billion of five-year notes today.