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Treasuries Set for Two-Week Gain; Greenspan Warns of Global Risk

  • Foolish to think U.S. is isolated from world, Greenspan says
  • Surging Japanese yen highlights demand for perceived havens
Bloomberg business news

Alan Greenspan on U.S. Productivity Slowdown

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Treasuries headed for their biggest two-week gain since January as the Federal Reserve warned the global economy presents heightened risks.

U.S. government securities have returned 1.3 percent in the period, the biggest back-to-back weekly run since the period ended Jan. 15, based on Bloomberg World Bond Indexes. The Japanese yen has surged 11 percent this year, the most among the 16 most-traded currencies against the dollar, highlighting demand for perceived haven assets.