U.S. 30-Year Bond Stages Longest Rally Since August on Fed Pace

  • Yield curve flattens as investors anticipate gradual path
  • Gap between two-, 30-year yields is tightest in three months

Thirty-year Treasuries gained for a third straight day, the longest rally since August, after Federal Reserve officials signaled they’ll proceed cautiously in raising interest rates after lifting the overnight target from near zero.

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