Treasury Yields Decline to Lowest Since 2012 Before Fed Meeting

  • U.S. debt gains for fifth day, longest streak since February
  • Probability of 2016 rate hike at 47% as Brexit vote looms

Treasuries gained, with yields falling to the lowest since 2012, as traders wagered that the Federal Reserve won’t raise interest rates when it meets this week and investors sought safe havens before the U.K. votes on its European Union membership.

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