Treasuries Gain Most Since January as Growth Disappoints
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Treasuries are posting the biggest monthly gains since January as signs the world’s largest economy is failing to grow as anticipated leads investors to unwind bets for higher borrowing costs.
Ten-year notes fluctuated today after a gauge of Chicago-area business rose while a report showed consumer spending fell in April. Uneven economic data are disappointing investors who bet against Treasuries with so-called short positions amid speculation growth would quicken. Sovereign-bond markets worldwide have surged on growing evidence central banks can keep stimulating growth without igniting inflation.