Treasury Yields Trade in Tightest Range in a Month Before Yellen
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Treasury 10-year note yields traded in the narrowest range in a month amid speculation whether Federal Reserve Chairman Janet Yellen will acknowledge that the recovery in the U.S. labor market is slowing.
Bill rates declined as the U.S. sold record amounts of three- and six-month securities, giving it greater flexibility after last week’s expiration of an accord that suspended the nation’s debt limit. The Treasury said it may run out of extraordinary measures to keep under its borrowing limit by Feb.