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Treasuries Gain After Auction as Pimco Total Return Boosts Stake

  • U.S. sells 10-year debt, will offer 30-year bonds Thursday
  • U.S. government holdings rise to 45.6% of Total Return assets
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Pimco's Amey: Treasuries Look Relatively Attractive

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Treasuries rose for a second day after of an auction of 10-year notes as investors including the world’s biggest actively run bond fund show persistent demand for U.S. debt.

Benchmark yields retreated from near six-week highs, joining a rally in global bonds. Wednesday’s $23 billion 10-year note sale drew a yield of 1.503 percent, the lowest at an auction of the securities in four years, after a U.S. three-year note sale Tuesday drew the strongest demand of 2016.