Economics
Treasuries Gain Amid Stimulus by Central Banks in Europe, China
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Treasuries rose for a second day with central banks in Europe and China increasing stimulus measures amid signs of slowing growth, raising the relative attractiveness of higher-yielding U.S. government debt.
The difference in yields between benchmark 10-year Treasury notes and comparable German bunds is 1.54 percentage points. European Central Bank President Mario Draghi said officials would expand debt purchases if the inflation outlook weakens. Sovereign-bond yields in France, Italy and Ireland reached record lows. China cut benchmark interest rates for the first time since July 2012.