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Treasuries Resume Fed Gains as Stock Rally Falters: Markets Wrap

  • U.S. dollar posts biggest weekly slide since July 2016
  • Most tranquil markets in two years propelling bolder bets
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Asian Stocks Eye Second Best Week in 2017

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Treasuries posted a weekly advance spurred by the Federal Reserve’s signal it’s in no rush to lift rates. Emerging-market stocks extended their best week in eight months, while U.S. equities and the dollar fell.

The yield on the 10-year Treasury note slipped below 2.50 percent, resuming a slide sparked by a dovish tone from the U.S. central bank. The S&P 500 Index pared a weekly gain, and developing-nation shares rose a sixth day. Oil prices posted their first weekly advance this month after Saudi Arabia’s Energy Minister told Bloomberg News the kingdom may prolong production cuts. U.S equity volatility rose amid a quarterly event known as quadruple witching, when futures and options contracts on indexes and individual stocks expire.