Treasuries Rally With Germany, Japan on Global Growth Concern
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Treasuries rose, along with bonds in Germany and Japan, as signs global growth is losing momentum fueled demand for the safest securities.
U.S. debt rose for an eighth day, the longest streak in two years, after yields yesterday slid to the least since May 2013. The odds of the Federal Reserve raising interest rates by September have declined to less than 50 percent this month. Germany’s 10-year yield declined to a record amid signs its economy is headed for recession, while Greece’s 10-year yield jumped 1.09 percentage points, the biggest increase since July 2012, pushing yields higher in Spain, Ireland and Portugal.