Treasury Yields at Almost 3-Month Lows on Reports of Slow Growth

Treasury 10-year note yields traded at almost a three-month low as signs of a loss of momentum in global economic growth stoked bets the Federal Reserve will delay slowing its stimulus program until next year.

U.S. government debt was poised for a weekly gain as more Americans than forecast filed applications for jobless benefits last week and the trade deficit was little changed in August as imports and exports stalled. Treasury Inflation Protected Securities headed for the biggest two-month increase in more than a year as a sale of $7 billion of 30-year TIPS drew strong demand in the first auction since lawmakers voted to raise the debt ceiling. The U.S. will sell $96 billion in notes next week.