Treasury Bonds Rally Most Since September on Manufacturing Data

  • Spread over two-year yields falls to lowest since April
  • Fed's Evans says December Fed decision fuels `nervousness'

Treasuries surged, driving 30-year bond yields down the most since September, as a report showing U.S. manufacturing unexpectedly shrank last month bolstered expectations that the Federal Reserve will take its time raising interest rates after liftoff from near zero.

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